South Korea Wins Arbitration Case Against Elevator Maker Schindler
South Korea has successfully won an international arbitration case initiated by Swiss elevator manufacturer Schindler Holding AG, thereby avoiding a potential payout of 320 billion won ($211.4 million) in damages.
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S. Korea wins int'l arbitration case against elevator maker Schindler
South Korea has won an international arbitration case brought by Swiss elevator manufacturer Schindler Holding AG, avoiding a potential payout of 320 billion won ($211.4 million) in damages, the justice ministry said Saturday. The Permanent Court of Arbitration (PCA) in The Hague dismissed all of the Swiss company's claims in a ruling issued early Saturday, according to a statement from the Ministry of Justice. The South Korean government will also recover approximately 9.6 billion won in legal
By The Korea Herald
Read full article →S. Korea wins int'l arbitration case against elevator maker Schindler - Yonhap News Agency
S. Korea wins int'l arbitration case against elevator maker Schindler Yonhap News Agency
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