On Tuesday, the appeals court in Montenegro made a significant decision regarding the extradition request for Do Kwon, the co-founder of Terraform Labs. The court overturned the previous decision to extradite him to the United States, allowing Kwon to remain in Montenegro for the time being. However, the final decision regarding his extradition lies with the Justice Minister.
Court's Decision and Legal Protocols
The Appeals Court Council revoked the Higher Court in Podgorica's decision to extradite Do Kwon on December 14. The court's decision to halt the extradition was due to a violation of specific legal protocols outlined in the Montenegrin Criminal Procedure Code. The court had exceeded its jurisdiction, as its role in extradition matters is to solely verify the legal grounds for the request.
It is important to note that the court does not have the power to suspend or defer the extradition of an individual. This responsibility lies solely with the Justice Minister, in accordance with Montenegrin legislation on international legal assistance in criminal matters. The appeals court's decision exceeded its legal capacity, leading to its annulment.
Legal Challenges and Allegations
Do Kwon has been facing significant legal challenges from both the United States and South Korea. He has consistently denied all allegations of fraud. The charges filed against him by the U.S. Securities and Exchange Commission (SEC) and South Korean financial authorities include commodities fraud, securities fraud, wire fraud, conspiracy to commit fraud, and market manipulation.
The final decision regarding Do Kwon's extradition will be made by the Justice Minister. It is crucial to await the outcome of this decision before drawing any conclusions.
What are your thoughts on the appeals court's decision regarding Do Kwon's extradition request? Feel free to share your opinions in the comments section below.
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Statistics
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External Links
bbb.org
investopedia.com
finance.yahoo.com
forbes.com
- Gold IRA: Add Some Sparkle To Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
How To
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By: Jamie Redman
Title: Montenegro Appeals Court Overturns Extradition Request for Terraform Labs Co-founder Do Kwon
Sourced From: news.bitcoin.com/montenegro-appeals-court-overturns-extradition-of-terraform-labs-co-founder-do-kwon/
Published Date: Tue, 19 Dec 2023 14:30:32 +0000
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