South Korea ordered to pay Elliott $48.49 million in Samsung merger case

FILE PHOTO: An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea, July 16, 2015. Win or lose in its bid to derail an $8 billion Samsung Group merger on Friday, U.S. hedge fund Elliott Associates is likely to remain an irritant for the biggest of South Korea's powerful conglomerates. Even if construction firm Samsung C&T Corp secures the two-thirds of shares voted on Friday needed for a buyout offer from sister company Cheil Industries, Elliott shows no sign of going away. The fund is widely expected to continue challenging Samsung with lawsuits as a shareholder that would have more than 2 percent of the merged firm. REUTERS/Kim Hong-Ji/File Photo

SEOUL, ⁠Oct 1 (Reuters) - South ⁠Korea has been ‌ordered to pay US hedge fund ​Elliott about $48.49 million ⁠plus ⁠interest after a tribunal ⁠ruled ‌the government's involvement ⁠in the 2015 merger ​of ‌Samsung C&T and ⁠Cheil ​Industries was causally linked ⁠to Elliott's losses, ​Seoul's Justice Ministry said on Thursday.

The remand ⁠tribunal upheld the same damages award as ​the ⁠original arbitration, according ​to the ‌ministry.

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资料照片：2015年7月16日，一名员工走过位于韩国首尔的三星物产总部大楼，大楼上印有三星的标志。无论美国对冲基金埃利奥特联合基金（Elliott Associates）周五试图阻止三星集团80亿美元并购案的成败如何，它都可能继续成为韩国最大的实力雄厚的企业集团的眼中钉。即使建筑公司三星物产在周五的投票中获得三分之二的股份，从而满足其姊妹公司第一毛织（Cheil Industries）的收购要约，埃利奥特也没有放弃的迹象。外界普遍预期，作为合并后公司持股比例超过2%的股东，该基金将继续通过诉讼挑战三星。路透社/金洪基/资料照片

首尔，10 月 1 日（路透社）——首尔司法部周四表示，韩国政府被勒令向美国对冲基金 Elliott 支付约 4849 万美元外加利息，此前一个法庭裁定，韩国政府参与 2015 年三星物产和第一毛织的合并与 Elliott 的损失存在因果关系。

据该部称，发回重审法庭维持了与原仲裁相同的损害赔偿裁决。

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