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What is Arbitration Clause Validity in Contracts about?

1) The document discusses a contract dispute between KOGIES and PGSMC over the installation of an LPG cylinder manufacturing plant. The contract contained an arbitration clause requiring disputes to be resolved through arbitration in Seoul, Korea. 2) When issues arose, PGSMC cancelled the contract and dismantled equipment. KOGIES filed for arbitration as stipulated. However, the Court of Appeals declared the arbitration clause void as against public policy. 3) The Supreme Court ruled that the arbitration c

Author

Redd Lapid

Language

EN