Category: Legal

First Supreme Court Decision Allowing Enforcement of Arbitral Award Which Orders a Daily Monetary Penalty in Korea

Yulchon successfully represented Euro Apex B.V. (“Apex”), a Dutch manufacturer of heat exchangers, in a Supreme Court proceeding for enforcement of a Dutch arbitral award against a Korean defendant, a manufacturer of similar products. Apex sought an enforcement decision for…

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First court decision allowing enforcement of arbitral award which orders indirect compulsory performance penalty in Korea

Yulchon successfully represented Euro Apex B.V. ("Apex"), a Dutch manufacturer of proprietary heat exchangers, in an arbitral award enforcement proceeding in Korea against a Korean Company ("Defendant"), a Korean manufacturer of similar products. In the proceedings before the Korean court,…

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