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2018
Seo v. Korea Jin Hae Seo v. Republic of Korea
Applicable IIA
Nationality of the parties
Korea, Republic of
United States of America
Summary of matters at issue
Partial ownership (76%) of a residential property in Seoul.
Claims arising out of the allegedly insufficient amount of compensation set by the Government for the claimant’s real estate property that had been expropriated following the municipal government’s designation of the relevant area for redevelopment.
Economic sector and subsector
Tertiary: L - Real estate activities
68 - Real estate activities
Arbitral rules and administering institution
UNCITRAL
Hong Kong International Arbitration Centre (HKIAC)
Composition of tribunal
Data not available
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
3.00 mln USD
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page