London court overturns part of arbitration award against South Korea in Samsung merger case
A London judge on Monday overturned part of a $100 million arbitration award against South Korea. The dispute stems from a 2015 merger of Samsung affiliates.
Insights:
A High Court (London) judge, David Foxton, has overturned part of a 2023 Permanent Court of Arbitration award that had previously ordered the government of South Korea 
KR to pay approximately $100 million to the United States 
US hedge fund Elliott. The ruling, issued on February 23, 2026, also involves the remittal of a separate claim by Elliott regarding the actions of the Park Geun-hye administration back to the arbitration tribunal, which operates out of the Netherlands 
NL.
KR to pay approximately $100 million to the United States US hedge fund Elliott. The ruling, issued on February 23, 2026, also involves the remittal of a separate claim by Elliott regarding the actions of the Park Geun-hye administration back to the arbitration tribunal, which operates out of the Netherlands NL.The legal battle stems from the 2015 merger between Samsung C&T Corporation and Cheil Industries, a transaction valued at approximately $8 billion. Central to the dispute is the National Pension Service and its vote in favor of the merger. The High Court decision follows a procedural step from last year, when the Court of Appeal (London) in the United Kingdom 
GB sent the case back to the High Court for further consideration.
GB sent the case back to the High Court for further consideration.
