7/01/2015

Don't Bet Against Samsung in Korea: Elliott Lost Injunction Case at Korean Court

We have been consulted by a number of hedge funds requesting information concerning the proposed merger between Cheil & Samsung C & T.  We advised, notwithstanding the "law,"  that Samsung will, likely, win the battle against Elliot. 

Today, Elliott's injunctions against the Board vote on the merger was dismissed by the Seoul Central District Court.  No surprise here. The Court noted that the merger ratio is not "patently unfair."

We will have more on this issue when more is known.  
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Sean Hayes may be contacted at: SeanHayes@ipglegal.com.

Sean Hayes is co-chair of the Korea Practice Team at IPG Legal. He is the first non-Korean attorney to have worked for the Korean court system (Constitutional Court of Korea) and one of the first non-Koreans to be a regular member of a Korean law faculty. Sean is ranked, for Korea, as one of only two non-Korean lawyers as a Top Attorney by AsiaLaw.

Sean profile's may be found at: Sean C. Hayes