Second Lone Star hearing takes place in Washington, D.C.

Home > Business > Industry

print dictionary print

Second Lone Star hearing takes place in Washington, D.C.

The second hearing on the international arbitration filed by Dallas-based private equity firm Lone Star against the Korean government was held at the International Center for Settlement of Investment Disputes (Icsid) between June 29 and July 7, the Korean government said on Wednesday.
The third hearing for closing arguments is expected to take place in January at The Hague.
Lone Star has asked the Icsid for 5.13 trillion won ($4.5 billion) to recoup its losses after the Korean government delayed the approval of the sale of its stake in Korea Exchange Bank.

More in Industry

Chuseok delivery strike canceled as headcount increased

BMW Motorrad channels 1936 for its latest bike

Battery business IPO won't affect LG Chem's controlling stake, company says

Hyundai Construction Equipment signs Algeria forklift deal

FSS permits financial sector workers to use networks remotely

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now