08 December 2017 Korean Supreme Court rules on permanent establishment of foreign private equity fund The Korean Supreme Court (the Supreme Court) recently issued a decision on whether a foreign private equity fund (the Fund) had a permanent establishment (PE) in Korea. The Supreme Court ruled that the Fund did not have a PE in Korea, where investment supporting activities were performed by the directors of the Korean subsidiaries (the Korean Advisors) of the Fund's foreign general partner (the GP). Document ID: 2017-2087 |
