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Jin v Korea, Republic of, Final award, HKIAC Case No 18117, IIC 1631 (2019), 24th September 2019, Hong Kong; Hong Kong International Arbitration Centre [HKIAC]

Jin v Korea, Republic of, Final award, HKIAC Case No 18117, IIC 1631 (2019), 24th September 2019, Hong Kong; Hong Kong International Arbitration Centre [HKIAC]

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 01 April 2020

1. The present arbitration concerns the expropriation in 2016 of property in Seoul owned by the Claimant. The Claimant asserts that the expropriation violated Article 11.6 of the KORUS FTA because the Respondent failed to pay adequate compensation and because the expropriation was neither for a public purpose nor was it conducted in a non-discriminatory manner and in accordance With due process. Moreover, the Claimant argues that the Respondent violated the fair and equitable treatment guarantee laid down in Article 11.5 of the KORUS FTA because the Respondent...
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