The decision to extradite Do Kwon to either the US or
South Korea has been returned to the High Court after the Court of Appeal in Montenegro granted an appeal by the Terraform Labs’ Co-Founder and his lawyers.
Montenegrin news outlet Vijesti reported today
(Friday) that the country’s Court of Appeal accepted the arguments from Kwon’s
lawyers. This action canceled a previous decision by the High Court and sent
the case back for retrial. This move represents the latest legal strategy by
Kwon’s team to postpone his extradition to either the US or South Korea,
where he faces multiple criminal charges.
The initial ruling from the High Court in Podgorica on
April 8, 2024, determined that Kwon, a South Korean national, could be
extradited for prosecution. However, the Court of Appeal found that this
decision lacked decisive facts. Specifically, the High Court failed to provide
valid reasons for its ruling, merely quoting an earlier decision by the Supreme
Court without adequate explanation.
The Court of Appeal highlighted the necessity of a clear
decision based on legal and factual issues. When multiple countries request the
extradition of the same individual, specific criteria guide the decision. These
criteria are detailed in various international agreements, including the
European Convention on Extradition and the 1901 convention between Serbia and the
United States. The first-instance court had not reportedly adequately examined
these factors in Kwon’s case.
The High Court will now determine the case, ensuring
Kwon’s consent to extradition was voluntary, informed, and irrevocable. Montenegro’s High Court now stands at a
crossroads. The upcoming decision will determine whether Do Kwon will face
justice in the United States or South Korea.
Competing Extradition Requests
In March, Montenegro’s Office of the Supreme State
Prosecutor challenged the High Court’s decision to extradite Kwon to South
Korea. Montenegro’s top prosecutor contended that the High Court overstepped
its authority by opting for an “abbreviated proceeding” to extradite
Kwon to South Korea, bypassing a more thorough legal process.
The appellate court upheld the High Court’s decision,
but the Supreme State Prosecutor sought protection of legality from the Supreme
Court, asserting that only the Minister of Justice has the final say in such
matters.
The United States has also requested Kwon’s extradition,
filing eight charges against him and indicating a willingness to prosecute him
in absentia. Additionally, the US Securities and Exchange Commission has
brought civil charges against Kwon and Terraform Labs. Kwon disappeared from public view after the
catastrophic collapse of TerraUSD and Luna cryptocurrencies in 2022, which
erased nearly $37 billion from the crypto market and led to several project
bankruptcies, before being arrested in Monetgenro.
The decision to extradite Do Kwon to either the US or
South Korea has been returned to the High Court after the Court of Appeal in Montenegro granted an appeal by the Terraform Labs’ Co-Founder and his lawyers.
Montenegrin news outlet Vijesti reported today
(Friday) that the country’s Court of Appeal accepted the arguments from Kwon’s
lawyers. This action canceled a previous decision by the High Court and sent
the case back for retrial. This move represents the latest legal strategy by
Kwon’s team to postpone his extradition to either the US or South Korea,
where he faces multiple criminal charges.
The initial ruling from the High Court in Podgorica on
April 8, 2024, determined that Kwon, a South Korean national, could be
extradited for prosecution. However, the Court of Appeal found that this
decision lacked decisive facts. Specifically, the High Court failed to provide
valid reasons for its ruling, merely quoting an earlier decision by the Supreme
Court without adequate explanation.
The Court of Appeal highlighted the necessity of a clear
decision based on legal and factual issues. When multiple countries request the
extradition of the same individual, specific criteria guide the decision. These
criteria are detailed in various international agreements, including the
European Convention on Extradition and the 1901 convention between Serbia and the
United States. The first-instance court had not reportedly adequately examined
these factors in Kwon’s case.
The High Court will now determine the case, ensuring
Kwon’s consent to extradition was voluntary, informed, and irrevocable. Montenegro’s High Court now stands at a
crossroads. The upcoming decision will determine whether Do Kwon will face
justice in the United States or South Korea.
Competing Extradition Requests
In March, Montenegro’s Office of the Supreme State
Prosecutor challenged the High Court’s decision to extradite Kwon to South
Korea. Montenegro’s top prosecutor contended that the High Court overstepped
its authority by opting for an “abbreviated proceeding” to extradite
Kwon to South Korea, bypassing a more thorough legal process.
The appellate court upheld the High Court’s decision,
but the Supreme State Prosecutor sought protection of legality from the Supreme
Court, asserting that only the Minister of Justice has the final say in such
matters.
The United States has also requested Kwon’s extradition,
filing eight charges against him and indicating a willingness to prosecute him
in absentia. Additionally, the US Securities and Exchange Commission has
brought civil charges against Kwon and Terraform Labs. Kwon disappeared from public view after the
catastrophic collapse of TerraUSD and Luna cryptocurrencies in 2022, which
erased nearly $37 billion from the crypto market and led to several project
bankruptcies, before being arrested in Monetgenro.
