2024-05-17 05:30:35
Min Hee-jin recordsdata for a provisional injunction towards Hive from exercising voting rights
Hive Chairman Bang Si-hyuk made his first assertion concerning the battle with Adore CEO Min Hee-jin. That is via a petition submitted to the courtroom.
At 10:25 a.m. on the seventeenth, Seoul Central District Courtroom Civil Settlement Division 50 (Chief Decide Sang-Hoon Kim) held a listening to on the lawsuit for a provisional injunction to ban the train of voting rights filed by CEO Min towards Hive.
Hive’s authorized consultant launched a part of Chairman Bang’s petition on this present day and stated, “I do know that there are some who imagine that Min Hee-jin’s actions revealed the issue of multi-label,” and added, “Nonetheless, irrespective of how refined the system is, it can’t stop malicious intent.” One individual’s malicious actions mustn’t harm a system that many individuals have created for a very long time. “I believe the ability of the social system is to stop evil deeds from destroying social order,” he stated.
He continued, “As a frontrunner within the business, I’ve religion and am working arduous to right the state of affairs,” and added, “I’m sorry for inflicting concern to members and the general public within the leisure business, which is meant to ship pleasure. “I hope that you’ll hearken to this sincerity and make a sensible determination to dismiss the injunction,” he stated.
On this present day’s listening to, a pointy battle continued between each side concerning the provisional injunction banning the train of voting rights.
Consultant Min’s authorized consultant argued, “Consultant Min’s dismissal will trigger irreparable harm not solely to himself, but additionally to New Genes, Adore, and Hive, so there’s a have to uphold the applying for a preliminary injunction.” He then claimed, “Within the contract between shareholders, Hive clearly stipulates that CEO Min should train his voting rights on the Adore shareholders’ assembly in order that he can preserve his place as CEO and inside director of Adore for 5 years.”
As well as, he emphasised, “In the event you take a look at the rationale for dismissal claimed by Hive, it’s stated that they’re in search of a plan to infringe on Hive’s necessary pursuits by altering Adore’s governance construction, however this has not occurred in any respect.”
Relating to this, Hive stated, “The essence of the case is whether or not it may be justified to stop the train of voting rights, that are the core of shareholder rights, via a preliminary injunction, and whether or not it’s affordable for CEO Min, who dedicated violations of his duties and unlawful acts, to proceed to function CEO of Eodo. Due to this fact, the applying for provisional injunction ought to be dismissed,” he countered.
As well as, “the contract between shareholders states that CEO Min might be requested to resign if he causes harm of greater than 1 billion received to Adore or commits unlawful acts corresponding to breach of belief or embezzlement,” he stated. “So long as there’s a cause for dismissal, the CEO place might be requested.” “There is no such thing as a contractual obligation to take care of it,” he emphasised.
Adore, an company of the group New Genes and a label below Hive, will maintain a rare normal assembly of shareholders on the thirty first and submit a ‘Board Dismissal and New Appointment Plan’ that focuses on the dismissal of CEO Min.
On account of Hive’s push to switch the present Adore administration, together with CEO Min, as a result of ‘suspicion of stealing administration rights’, it’s sure that CEO Min can be dismissed if the request for a provisional injunction is rejected since Hive owns 80% of Adore’s shares.
Each side additionally talked about the controversy that had been revealed via the media.
Consultant Min’s aspect claimed that Hive broke its promise and chosen Le Seraphim as the primary group, and that New Genes suffered discriminatory therapy even after their profitable debut. As for why New Denims was capable of succeed regardless that it got here out late, it was claimed that it was due to the members’ efforts, CEO Min’s wonderful manufacturing sense, and deep reference to the members.
However, Hive aspect countered, “CEO Min first requested that he not care in regards to the order of debut, and after receiving teaching from a shaman, he determined the timing of New Genes’ debut, saying, ‘Let’s let Bang Si-hyuk’s lady group fail and we’ll seem final like the principle characters.’” .
Consultant Min then stated, “We didn’t count on that he would declare grounds for disqualification by even citing shamanic administration,” and added, “The criticism he made via a dialog with an acquaintance obtained via forensic evaluation of a laptop computer used earlier than the institution of Adore is a critical infringement of non-public secrets and techniques.”
Relating to the controversy that Aylet, one other group below Hive, copied New Genes, CEO Min stated, “No matter whether or not it was legally plagiarized, it can’t be denied that it’s too related, and consultants additionally level this out.”
In response, Hive aspect claimed, “Though we all know that the promotional methodology can’t be a goal of plagiarism, we disparage it with provocative phrases corresponding to ‘fool’ and ‘copy’, however then slowly withdraw and retreat, saying that the unclear ‘tone and method are related’.”
Hive additionally claimed that CEO Min, who had already secured greater than 100 billion received in money compensation, triggered the dispute with the unfair objective of completely seizing management of Adore.
“CEO Min desires New Genes to stay in a passive function and is glorifying a type of gaslighting as a ‘mother-daughter relationship,’” he stated. “CEO Min’s curiosity is just not in New Genes themselves, just like the one he gave beginning to, however in New Genes. “The cash you earn,” he stated immediately.
Jo Yoo-kyung, Donga.com reporter [email protected]
2024-05-17 05:30:35