Lawsuit for Invalidating the Issuance of Convertible Debentures by Samsung Electronics

10 Pages Posted: 26 Nov 2001

Abstract

Equity-linked securities such as convertible bonds (CBs) and bonds with warrant (BWs) have been widely issued by Korean companies. On some occasions, CBs and BWs have been issued to those close to the controlling shareholder on unduly favorable terms. In recent years, investors have become less forgiving of such practices and have sometimes resorted to legal recourse. A public interest organization known as the People's Solidarity for Participatory Democracy is at the center of this new trend. The following decision is the most recent, and perhaps the most controversial, of the lawsuits initiated by this NGO.

Suggested Citation

Choi, Stephen and Eum, Alfredo, Lawsuit for Invalidating the Issuance of Convertible Debentures by Samsung Electronics. Available at SSRN: https://ssrn.com/abstract=290268

Stephen Choi (Contact Author)

Lee & Ko

C.P.O. Box 8735
18th Fl., Marine Center Main Building 118, 2-ka, Namdaemun-ro,
Chung-ku, Seoul
Korea

Alfredo Eum

Seoul National University

Kwanak-gu
Seoul, 151-742
Korea, Republic of (South Korea)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
165
Abstract Views
1,498
Rank
325,881
PlumX Metrics