Norman Intertrade Ltd v Cha-Hong Koo and Bon-Woong Koo - LCIA Case No 204715 - Consent Award - 30 April 2021
Country
Year
2021
Summary
IN THE MATTER OF AN INTERNATIONAL ARBITRATION UNDER THE LCIA ARBITRATION RULES 2014 LCIA CASE NO. 204715.
Arbitral Tribunal: Patricia Peterson, Sole Arbitrator.
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THE SOLE ARBITRATOR HEREBY ISSUES THE FOLLOWING CONSENT AWARD IN THIS ARBITRATION:
12. The Respondents are ordered jointly and severally to pay to the Claimant the sum of USD 2, 190,063.00, which amount includes the Claimant's Legal Costs and Arbitration Costs with respect to this Arbitration.
13. The Respondents are ordered jointly and severally to pay to the Claimant post-award interest on the amount set out in paragraph 12 of this Consent Award at the simple rate of 18% per annum with "Actual/360" day count convention from the date of this Consent Award until the full payment of the amount set out in paragraph 12 of this Consent Award.
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