Big Law

South Korea Must Pay Mason Capital More Than $32 Million Over 2015 Samsung Merger

South Korea has been ordered to pay New York hedge fund Mason Capital Management more than $32 million, the Ministry of Justice said on Thursday, in a dispute stemming from the 2015 merger of two Samsung affiliates.

Mason Capital had claimed $200 million in its case with the Netherlands-based Permanent Court of Arbitration (PCA), but its argument was only partly accepted.

Mason Capital argued that its investors suffered damage as a result of government influence over the decision of South Korea’s largest pension fund, the National Pension Service (NPS), to approve the $8 billion merger of Samsung affiliates Samsung C&T and Cheil Industries in 2015.

Read the source article at Yahoo Finance

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