Schindler case finds no arbitrariness or bad faith, limiting claims tied to regulatory inaction in chaebol governance
South Korea’s victory in its investment treaty dispute with Swiss elevator maker Schindler marks the latest in a series of successful defenses against foreign investor claims, following its annulment win in the Lone Star case last year, and reinforces the limits of holding the state liable for corporate governance failures.
The arbitral tribunal, which issued its award on March 14, dismissed all of Schindler’s claims against Seoul, finding that the actions of Korean regulators were neither arbitrary, discriminatory nor taken in bad faith.
South Korea’s victory in its investment treaty dispute with Swiss elevator maker Schindler marks the latest in a series of successful defenses against foreign investor claims, following its annulment win in the Lone Star case last year, and reinforces the limits of holding the state liable for corporate governance failures.
The arbitral tribunal, which issued its award on March 14, dismissed all of Schindler’s claims against Seoul, finding that the actions of Korean regulators were neither arbitrary, discriminatory nor taken in bad faith.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are two plans available:
Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.
