Extradition Verdict in Montenegro: Do Kwon’s Fate Hangs in Balance
Summary
The higher court in Podgorica, Montenegro has handed down its verdict on the extradition of Terra co-founder Do Kwon. The Minister of Justice Andrej Milovic will determine whether the United States or South Korea gets precedence in the case of prospective extradition.
Introduction
The higher court in Podgorica, Montenegro has accepted the extradition of Terra co-founder Do Kwon, according to a court document filed on November 24th. Do Kwon and Han Chang-joon, former executives of Terraform Labs, were given a four-month jail term in a passport falsification case. The highest court in Montenegro also rejected their appeal. This article discusses the ongoing extradition case and the decision awaiting Minister of Justice Andrej Milovic.
Main Points
The court in Podgorica, Montenegro has ruled on the extradition of Do Kwon, co-founder of Terraform Labs. The court document states that the legal prerequisites for extradition have been met, as requested by the Ministry of Justice of the Republic of Korea. However, both the United States and South Korea have a legal right to request Do Kwon’s extradition.
The Minister of Justice Andrej Milovic will decide which nation gets precedence in the case of prospective extradition. Milovic emphasized that the decision to extradite Do Kwon to either the United States or South Korea is a political one that will take time. The United States is eager to secure his extradition due to ongoing litigation with the U.S Securities and Exchange Commission.
Conclusion
The extradition verdict in Montenegro has put Do Kwon’s fate in limbo. The Minister of Justice Andrej Milovic will determine whether the United States or South Korea gets precedence in the case of prospective extradition. As the United States seeks to secure Do Kwon’s extradition, Milovic highlighted the importance of signing a bilateral extradition agreement between the two countries. The decision is expected to be a political one and may take some time.