Kyobo Life arbitration favors GPs, but resolution still elusive
A private equity consortium's right to enforce a put option against the chairman of Korea's Kyobo Life Insurance has been upheld following arbitration, though the ruling stopped short of endorsing a price for the transaction.
Both sides claimed the process – run by the International Chamber of Commerce (ICC) – represented a victory, but the impasse remains some distance, and perhaps several years, away from a resolution....
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