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.
Sean Hayes may be contacted at: [email protected]
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
- English-Speaking Business Lawyers in Seoul, Korea: Corporate Law & Compliance Team at IPG Legal
- Short Selling at the Korea Stock Exchange Permitted – Don’t Forget the Disclosure Requirements
- Korea Contracts Don’t Forget the Counter-party: Due Diligence before Executing an Agreement in Korea
- Minority Squeeze-outs in Companies in Korea
- Korean M & A Due Diligence Checklist: Mergers & Acquisitions Due Diligence in Korea
- Not Guilty Verdict for U.S. Government Employee with U.S. 8th Army: Announcement
- Witholdings Taxes on Transactions between Korean & Hong Kong Companies
- Suing Directors for Company Loses in Korea: Korean Corporate Compliance Basics
- Korea’s Real Name Transaction Act Strengthened: Korea’s Banking Law Basics
- Carbon Trading Market Established in Korea: 2nd Largest Market in World