A lawsuit alleging the theft of €8 billion by Woori Bank, specifically accusing former chief executive Lee Kwang-Goo as the ringleader and with Deutsche Bank allegedly confirming the plaintiff's position, is working its way through the legal systems of South Korea and the United States.
It is among the strangest cases Euromoney has ever seen.
"The cabel [sic] led by Lee is deeply entrenched in the Korean power structure," it continues. In this account the impeachment of president Park Geun-hye and replacement by president Moon Jae-in should have worked in their favour, "because it signaled a return to rule of law and normalcy… we have been bitterly disappointed."
Attorney Cam expects to be sworn in in New York within the next two weeks; watch this space.