The three-year legal dispute between Mirae Asset Global Investments and Brookfield regarding the sale of the IFC in Yeouido, Seoul has concluded with a complete victory for Mirae Asset. Brookfield has paid a total of KRW 283 billion in cash to Mirae Asset Global Investments, which includes a performance bond of KRW 200 billion, delayed interest, and arbitration costs, in accordance with the SIAC arbitration ruling. After the arbitration ruling, Mirae Asset pressured Brookfield by applying for a provisional seizure of SPC shares in the Singapore and Seoul courts, which was granted. Concerns about the EOD of the IFC secured loan (approximately KRW 2.6 trillion) also arose, leading […]