Schindler sues Korean gov’t over Hyundai Elevator

Schindler Group, the second-largest shareholder of Hyundai Elevator, has officially filed for an investor state dispute settlement against the Korean government seeking US$300 million in compensation for losses over its approval of paid-in capital increase of the Korean lift maker from 2013 to 2015. According to the Ministry of Justice on Oct. 15, Schindler has
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