Spackman Entertainment chief in cross-border legal battle

Hong Kong

CHARLES Spackman, the Hong-Kong-based executive chairman and chief executive officer of the Singapore-Exchange-listed Spackman Entertainment Group, may have to pay some US$12 million to a Korean investor if a lawsuit filed against him in Hong Kong is successful.

The litigation in Hong Kong is the centrepiece of a cross-border legal battle that started in South Korea more than a decade ago, and has since extended to Bermuda and the United States, even entangling the wealthy businessman's alma mater, Harvard University in the chase to trace Mr Spackman's assets.