CamKo struggles to move beyond crash
From the start, the project seemed impossibly ambitious: A $2-billion South Korean satellite city—complete with condominiums, office space, luxury villas, a shopping mall, health clinics, banks and an airport—on the outskirts of Phnom Penh. … Claiming the land was not properly appraised, and that the decision made in South Korean courts was unfair, World City appealed for a retrial, which they lost last month, according to Mr. Monin. The case will go to the Supreme Court, though no date has been set for a hearing, he said. …
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/camko-struggles-to-move-beyond-banks-collapse-71320/
