South Korea Fails to Overturn Arbitration Award to Hedge Fund Elliott Associates, Incurring Daily Interest of $10,000

Pieter Gunst01 mins

South Korea has enlisted the legal services of Arnold & Porter in an unsuccessful bid to overturn an arbitration award. The award was originally granted to Elliott Associates, a hedge fund that has since stated the interest on the award “continues to accrue at a rate of more than US $10,000 every day.” For further details, the paywalled article can be accessed here.