English Justice Refuses South Korea’s Bid To Set Aside $48.5M Award

(August 5, 2024, 2:34 PM EDT) -- LONDON — A justice of the High Court of England and Wales denied the Republic of Korea’s application to set aside a Permanent Court of Arbitration (PCA) arbitral award against it worth more than $48.5 million in favor of an American investment entity, rejecting its arguments that the tribunal lacked jurisdiction to hear the claim but granting Korea permission to appeal....