Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon 

On Tuesday, Montenegro’s appeals tribunal overturned the extradition petition for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition.

Kwon to Remain successful Montenegro, Decision Lies With Justice Minister

For the clip being, Kwon is acceptable to enactment successful Montenegro, arsenic the Appeals Court Council, connected Dec. 14, overturned the Higher Court successful Podgorica’s determination to extradite him to the United States. The lawsuit has present been remanded to the little tribunal for a caller valuation and ruling.

The court’s determination to halt Kwon’s extradition was invalidated owed to a usurpation of circumstantial ineligible protocols arsenic per the Montenegrin Criminal Procedure Code. Notably, the tribunal exceeded its jurisdiction. In Montenegro, a court’s relation successful extradition matters is simply to verify the ineligible grounds for specified a request.

However, the powerfulness to really suspend oregon defer the extradition of the ex-CEO of Terraform Labs is not wrong the court’s remit. This work is solely vested successful the Minister of Justice, pursuing the Montenegrin authorities connected planetary ineligible assistance successful transgression matters. Here, the appeals tribunal made a determination beyond its ineligible capacity, necessitating the annulment.

Confronting important ineligible challenges from some the U.S. and South Korea, Kwon has unwaveringly refuted each allegations of fraud. His charges, filed by the U.S. Securities and Exchange Commission (SEC) and South Korean fiscal authorities, see commodities fraud, securities fraud, ligament fraud, and conspiracy to perpetrate fraud and manipulate the market. The eventual determination to o.k. oregon contradict Kwon’s extradition lies with the Justice Minister.

What bash you deliberation astir the appeals tribunal determination concerning Do Kwon’s extradition request? Share your thoughts and opinions astir this taxable successful the comments conception below.