Government Confirms Victory in International Investment Dispute Brought by Swiss Elevator Company Schindler
4 Articles
4 Articles
The South Korean government has won a final victory in an international investment dispute (ISDS) case worth 325 billion won filed by the Swiss elevator manufacturer Schindler. As Schindler ultimately did not file a lawsuit to annul the arbitration award with the Paris Court of Appeal, the South Korean government's victory from last March was confirmed as is. On the 28th, the Ministry of Justice stated, “
(Seoul=Yonhap News) Reporter Hwang Jae-ha = The government and Schindler Holding AG (Schindler Holding AG, hereafter Schindler), an elevator company headquartered in Switzerland...
The South Korean government's victory has been finally confirmed in an international investment dispute worth 320 billion won filed against the Korean government by the Swiss company Schindler. As Schindler did not appeal within the deadline, its liability to pay compensation was eliminated, and the government was able to recover even the litigation costs.
[Breaking] Ministry of Justice "320 Billion Won ISDS Victory Against Schindler Confirmed"
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