Under Korean law, any auction of a state-owned company's assets must attract at least two bidders before it can proceed.

WSJ: Korea Is Primed for M&A Deals

Under the law in South Korea, any auction of a state-owned company's assets must attract at least two bidders before the sale can go forward.

WSJ: Korea Is Primed for M&A Deals

Under Kenyan law the land at issue should have been sold at public auction and then developed within two years or handed back to the state.

ECONOMIST: Deciding who owns shantytowns would help their residents