(March 10, 2020, 1:11 PM EDT) -- THE HAGUE, Netherlands — In an arbitration proceeding initiated by two Delaware companies that have accused the Republic of Korea of manipulating a shareholder vote to permit a merger at an undervalue, the Permanent Court of Arbitration (PCA) in a decision issued Dec. 22 rejected all of Korea’s jurisdictional challenges, finding that the company that calls itself the investor was the legal owner of the shares under applicable municipal laws (Mason Capital L.P. [U.S.A.], et al. v. Republic of Korea, No. 2018-55, PCA)....