[DISCLOSURE]
Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods.
It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.
