Despite last minute decision by Maxis and UMobile to not take equity in Digital Nasional Bhd, agreement with other 4 MNOs to be concluded soon

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No impact on discussions on 5G Access Agreements which are progressing
Maxis, UMobile decision leads to speculation of future corporate exercise In a press release, Digital Nasional Bhd (DNB), the owner and operator of Malaysia’s 5G network, assures that the execution of Share Subscription Agreements (SSAs) between Mobile Network Operators (MNOs) and…Continue Reading

US private equity fund wins Pyrrhic victory over Seoul

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SEOUL – A 10-year arbitration battle wrapped up on August 30 with the International Center for Settlement of Investment Disputes (ICSID) awarding American private equity finance fund Lone Superstar US$217 million in damages from the Southern Korean government.

The case has been sparked by what the particular Dallas-based fund alleged was Seoul’s refusal to permit the sale of a distressed asset it had obtained within a reasonable time period, robbing it of billions of dollars worth of profits. Lone Star opened proceedings at the ICSID in 2012.

However , this dry description does not do the investor-state dispute, which happened in the tumultuous wake of the 1997-8 Asian financial crisis, justice.

The extremely emotive struggle noticed unionists wielding machetes, secret cameras embedded in C suites, fund chairmen getting grilled in court and questions being asked behind closed doors in Washington’s corridors associated with power.

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The particular post US private equity account wins Pyrrhic triumph over Seoul appeared initial on Asia Times .

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China won’t Laos become a Belt and Road debt trap

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A promotional poster for the 414-kilometer Laos-China railway project that promises to transform Laos from landlocked to land-linked. Photo: Facebook

Laos people unprecedented financial problems, including US$14. 5 billion worth associated with public and publicly guaranteed debt — around half of that is owed to Cina. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest lender and political best friend, will not let Laos default. The size of […]

The publish China and taiwan won’ t Laos become a Belt and Road debt capture made an appearance first on Asia Moments .

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