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
- Apple Infringed Samsung Patents According to U.S. ITC: Standard Essential Patents
- Korean Legal News for the Week of January 27, 2013
- 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 Legal News for the Week of June 9, 2013
- Alternative Legal Fee Arrangements at Korean-based Law Firms: Limited Scope Representation
- Korea Contracts Don’t Forget the Counter-party: Due Diligence before Executing an Agreement in Korea
- Utilization of Accountants in Termination of Employees for Urgent Business Necessity (Urgent Managerial Need) in Korea
- Minority Squeeze-outs in Companies in Korea
- Korean M & A Due Diligence Checklist: Mergers & Acquisitions Due Diligence in Korea