PCA orders South Korea to pay $32m to Mason Capital over 2015 Samsung merger dispute.
The Netherlands-based Permanent Court of Arbitration (PCA) has ordered South Korea to pay $32 million to US-based hedge fund Mason Capital in compensation for a dispute over the 2015 merger of Samsung affiliates Samsung C&T and Cheil Industries. Mason Capital claimed its investors suffered damages due to government influence over the National Pension Service's decision to approve the merger. This ruling follows a similar case in 2020 when the PCA ordered South Korea to pay $108.5 million to U.S. hedge fund Elliott over the same merger.
April 11, 2024
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