Summary

Mohammad Reza Dayyani, Abbas Dayyani, Mohammad Hossein Dayyani, Ali Dayyani, Fatemeh Dayyani and Kosar Dayyani v Republic of Korea - PCA Case No. 2022-12

All Claims Seeking KRW 770 Billion in Damages by the Founder of Iran's Largest Home Appliance Group Dismissed.

On September 28, 2026, at approximately 22:00 (KST), the Government of the Republic of Korea won a complete, unanimous victory before the Arbitral Tribunal in the second Investor-State Dispute Settlement (ISDS) proceeding initiated by six members of the Iranian Dayyani family (the "Claimants") pursuant to the Korea-Iran Bilateral Investment Treaty (BIT).