HYBE has issued an official assertion basically based on the fresh court docket ruling siding with Min Hee Jin. On the present time, Might likely perhaps 30, the Seoul Central District Court docket licensed Min Hee Jin’s plea for an injunction, preventing HYBE from the usage of its voting rights in her elimination from ADOR.

HYBE releases assertion on liked ruling for Min Hee Jin

Of their assertion, HYBE expressed their appreciate for the court docket’s resolution in terms of the provisional injunction lawsuit brought by ADOR CEO Min Hee Jin. They offered their map now not to exercise voting rights in decide on of the “Dismissal of Interior Director Min Hee Jin” all over the upcoming remarkable shareholders’ meeting.

Furthermore, as per the court docket’s ruling, which explicitly pointed out that “it is evident that Min Hee Jin sought methods to weaken HYBE’s management over ADOR and enable Min Hee Jin to management ADOR independently by both taking NewJeans out of HYBE’s management or pressuring HYBE to promote its shares in ADOR,” HYBE intends to proceed with subsequent steps for the length of the correct boundaries.

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Court docket suggestions in decide on of ADOR CEO Min Hee Jin

On Might likely perhaps 30, the Seoul Central District Court docket granted Min Hee Jin’s ask for an injunction, barring HYBE from exercising voting rights touching on her elimination from ADOR.

The court docket highlighted that HYBE’s causes for Min Hee Jin’s dismissal or resignation lacked ample substantiation. Moreover, whereas Min Hee Jin’s actions could perhaps be viewed as a betrayal to HYBE, the court docket found it anxious to categorize them as actions breaching belief namely in the case of ADOR.

Previously, on Might likely perhaps 7, Min Hee Jin filed for an injunction to block HYBE from the usage of its voting rights to boost her dismissal at the scheduled ADOR remarkable shareholders’ meeting on Might likely perhaps 31. With the court docket accepting her ask, HYBE is unable to exercise its voting rights for Min Hee Jin’s dismissal all over the Might likely perhaps 31 meeting.

Which skill, Min Hee Jin will withhold her assign because the CEO of ADOR. Had the injunction been rejected, Min Hee Jin’s dismissal would had been unavoidable, on condition that HYBE holds 80 percent of ADOR’s shares. Hence now, with HYBE’s recent statements, it appears to be like to be that Min Hee Jin’s proper battle with HYBE could perhaps proceed despite the fresh trends.