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: 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
- Samsung’s Win Against Elliott is Korea’s Loss According to Bloomberg
- Samsung’s Shareholdings Explained by Wall Street Journal
- Sad News for a Samsung Worker: Chemical Leak at Hwaseong Plant
- LG Electronics Succeeds at US Supreme Court
- Korean IP Infringement Jurisdiction Centralized at Five Korean District Courts and the Patent Court of Korea: Korean Intellectual Property Case Updates
- One Korean Company in 2013 BrandZ Top 100: Samsung