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Satellite Co. Seeks OK Of $1M ICC Award Against Korea's KT

Law360 (March 13, 2018, 5:59 PM EDT) -- A Bermuda satellite operator is seeking to enshrine its recent $1 million arbitration victory against South Korea’s KT Corp. stemming from a politically fraught satellite transaction, asking a New York federal court Tuesday to confirm an award resolving the remaining issues in its favor.

Asia Broadcast Satellite Global Ltd. and Asia Broadcast Satellite Holdings Ltd., referred to collectively as ABS, filed a petition to confirm a “final award” that was issued by an International Chamber of Commerce tribunal on March 9 relating to ABS’ purchase of...
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