SEUM successfully obtained a Korean court judgment for its U.S. client which recognizes and enforces a foreign arbitration award in which the counterparty was a Korean defendant. 

SEUM’s client had obtained an arbitration award from the International Centre For Dispute Resolution (ICDR) which held the respondent, a Korean company, liable for trade secret infringement and ordered the respondent to cease and desist from such infringement activities.  SEUM successfully represented the client to obtain a judgment which recognizes the validity of the arbitration award and acknowledges the client’s right to enforce the award in Korea.

SEUM successfully argued that the arbitration award fulfills all the requirements to be enforced in Korea pursuant to the Arbitration Act of Korea and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the "New York Convention") and that no cause exists to set aside the award under Korean law or the New York Convention.  The Korean court judgment is significant in that it demonstrates that Korean courts will enforce foreign arbitration awards that include cease and desist orders.

The SEUM team was comprised of partner Byungil Lee.