Successful ICC arbitration in relation to a collaboration agreement between a major Korean electronics company and a U.S. app company

Lee & Ko’s International Arbitration Team successfully represented a major Korean electronics company in an ICC international arbitration concerning a collaboration agreement that was executed with a U.S. app company. 

The collaboration agreement required the U.S. app company to pay the client a distribution fee every time the U.S. app company’s application was installed on the client’s product.  The case arose when the U.S. app company failed to pay distribution fees for installations exceeding ten million, and the client sought payment and delay interest against the U.S. app company. The U.S. app company in turn argued that the client had breached its contractual obligations.  In representing the electronics company, Lee & Ko presented a thorough analysis of the facts relating to app technology, together with an examination of Korean law. As a result, Lee & Ko was able to secure a remarkable victory recovering the entirety of the claim amount as well as full costs of the arbitration.