Korea, Punitive Damages, Recognition and enforcement of arbitral award

, (Barun Law LLC) and (Peter & Kim)/ /Leave a comment

Introduction Until recently, there was no definitive Korean court decision on whether a foreign award that includes an award of exemplary (or punitive) damages should be recognized and enforced (1) in its entirety or (2) only partially (i.e. without the award of exemplary damages).1)Wonsik Yoon, Rieu Kim and Hyukjun Jung, “Recognition and Enforcement of the…

COVID-19, HKIAC, ICC, KCAB, Remote hearings, Videoconferencing, Virtual hearings

(KCAB INTERNATIONAL) and (Peter & Kim)/ /Leave a comment

The COVID-19 pandemic continues to test nearly every industry and break the idea of “normal” in both our personal and professional lives. Even as large segments of the population receive vaccines and look forward to once again meeting friends, hugging grandparents and traveling to foreign countries, the international arbitration service industry has entered a new…