Elliott Associates LP v Republic of Korea - KORUS FTA - Elliott-Samsung-Cheil - PCA Case 2018-51 - Rendered Award in the Remanded ISDS Tribunal Proceeding Involving Elliott - Press Release - Korean - 1 October 2026
Country
Year
2026
Summary
JOINT PRESS RELEASE BY RELEVANT GOVERNMENT MINISTRIES
The Tribunal, Composed of the Same Arbitrators as the Original Award, Affirms Causation and Awards the Same Principal Damages Amount.
The Tribunal for the Investor-State Dispute Settlement (ISDS) case-brought by the US private equity fund Elliott against the Government of the Republic of Korea under the Korea-US Free Trade Agreement (FTA)-rendered its award, ordering that:
"The Government of the Republic of Korea shall pay to the Claimant the principal damages amount of approximately USD 48.49 million, together with post-award interest (at 5% per annum, compounded annually), among other amounts."
