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/
