Live Chat

Crypto News

Cryptocurrency News 9 months ago
ENTRESRUARPTDEFRZHHIIT

Montenegro's Appellate Court Reverses Decision Yet Again on Extradition of Terraform Labs' Do Kwon

Algoine News
Summary:
The Appellate Court of Montenegro has once again negated a previous High Court decision to extradite Terraform Labs co-founder, Do Kwon, to the United States. The ruling declared that the lower court had made severe breaches of the local criminal procedure regulations in their initial decision. The protracted legal battle traces back to Kwon's arrest in Montenegro in March 2023, with both the U.S. and South Korea subsequently calling for his extradition.
The ongoing legal drama involving Do Kwon, the co-founder of Terraform Labs, has taken a new turn following another ruling by a Montenegrin court annulling a prior decision to extradite him to the United States. The Appellate Court of Montenegro made a pronouncement on March 5, negating the earlier decision made by the High Court of Podgorica allowing Kwon's extradition to the U.S, according to an official communication. The High Court had previously given its nod to sending Kwon back to the U.S to face multiple criminal charges on February 20. The Appellate Court's panel expressed that there were significant breaches of the local criminal procedure regulations in the High Court's earlier verdict. The panel commented about the lack of substantial and valid reasons for critical facts concerning the original order of arrival request letter in their announcement. This recent revocation by the Montenegrin Appellate Court signifies another chapter in the lengthy saga of Kwon's extradition following his arrest in Montenegro in March 2023. Both South Korea and the U.S had swiftly called for his extradition, provoking considerable debate over whether the founder of Terraform Labs ought to be returned to his homeland or not. The Appellate Court in Montenegro previously scrapped the decision permitting Kwon's extradition to either South Korea or the U.S in December 2023, advocating the case be resubmitted to the Podgorica Basic Court for a retrial. In November 2023, the High Court of Podgorica had communicated the legal criteria for Kwon’s extradition, leaving the final verdict regarding Kwon's extradition to Montenegro's justice minister.

Published At

3/5/2024 4:27:13 PM

Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.

Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal? We appreciate your report.

Report

Fill up form below please

🚀 Algoine is in Public Beta! 🌐 We're working hard to perfect the platform, but please note that unforeseen glitches may arise during the testing stages. Your understanding and patience are appreciated. Explore at your own risk, and thank you for being part of our journey to redefine the Algo-Trading! 💡 #AlgoineBetaLaunch