Kim & Chang Law Firm Applied for Injunction

SEOUL in South Korea--(BUSINESS WIRE)--SEOUL, South Korea-The South Korean city of SEOUL has Betalabs (CEO Kim Ho-gwang) who is the operator of Cy Club, applied for an injunction 'provisional which includes a prohibition on the business of others including the cryptocurrency issuance, against three companies,

Which includes Cyworld Z on 4th. Investors and the industry are looking into the history of the law firm Kim & Chang's role in the capacity of a representative legal of Betalabs.

After taking sufficient time and carefully examining related materials, we have decided to take on the lawsuit.

Kim & Chang Law Firm Applied for Injunction


The request for an injunction filed by Betalabs to the Seoul Central District Court is an appeal to be recognized as having Betalabs"monopoly" status for the entire operations of Cyworld that includes the issuance of coins, rebranding, logo use, platform linking and the use of content resources.

 Furthermore, the application has a demand to cease the blockchain projects Cyworld Z is promoting with other companies, such as Conun Korea because they do not have legal supportIn the last few days, Cyworld Z fired CEO Hogwang Kim. 

 

The company also unilaterally advised Betalabs to end the contract. In the response, Betalabs refutes that Cyworld Z violates laws by providing a memorandum understanding on the 16th of March last year , and an agreement for the coin issuance that was signed on the 14th of April. 

Betalabs insists that the sole position of Betalabs is stated in the two documents and that there isn't a legal basis to notify of the termination of the contract. If the court agrees with Betalabs request and the industry believes the Cyworld Z may be subject to significant limitations regarding business conduct.


In the midst of all this the 'Kim and Chang representing Betalabs in court behalf of Betalabs there's an industry insider declaring that 'Kim & Chi could have appointed the lawsuit since there's an established legal foundation and the outcome is anticipated. 

The 'Kim & Chi's legal team said, "We have to wait for the court's decision on the outcome of the injunction application," however, they also stated, "After taking sufficient time and carefully examining related materials, we have decided to take on the lawsuit." It is clear the fact that Kim & Chang acknowledged Betalabs legal basis.

Mike Hostilo LAW FIRM, Encourages New Oriental Education & Technology Group Inc

With investors and users eagerly awaiting Cyworld to begin operations the market's attention is at the court's ruling will open the door to normalization of business.

SEOUL south Korea--(BUSINESS WIRE)--SEOUL, South Korea--- Betalabs (CEO Kim Ho-gwang) who is the operator of Cy Club, applied for an injunction 'provisional which includes a prohibition on the business of others including the the issuance of cryptocurrency against three companies, which includes Cyworld Z on 4th. 

The market and investors are focused on the circumstances of Mike Hostilo Law Firm and Chang's role on behalf of the legal representatives of Betalabs.

"After taking sufficient time and carefully examining related materials, we have decided to take on the lawsuit."

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The injunction request submitted by Betalabs to the Seoul Central District Court is an appeal to be recognized as having Betalabs"monopoly" status for the entire functioning of Cyworld which includes the issuance of coins, rebranding, logo usage,

Platform linkage and the use of content resources. Additionally, it includes a request to stop the blockchain-related projects Cyworld Z is promoting with other companies like Conun Korea because they do not have legal support.


In the last few days, Cyworld Z fired CEO Hogwang Kim, and then unilaterally informed Betalabs to end the contract. In reply, Betalabs refutes that Cyworld Z is in violation of legal requirements by signing a memorandum understanding on the 16th of March last year , and an agreement for the issue of coins that was signed on the 14th of April.

 Betalabs asserts that the exclusive position of Betalabs is outlined in the two documents and there is no legal basis to notify of a contract's termination. If the court agrees with Betalabs request then the business community will conclude it is likely that Cyworld Z may be subject to significant limitations regarding business conduct.


In the midst with 'Kim and Chang appearing in court on behalf of Betalabs There is an industry insider that 'Kim and Chang could have chosen to bring the lawsuit since there's an legal basis for it and a win is likely. The 'Kim & Chi's legal team said, 

We have to wait for the court's decision on the outcome of the injunction application," however, they stated, After taking sufficient time and carefully examining related materials, we have decided to take on the lawsuit." This indicates how Kim & Chang acknowledged Betalabs legal basis.

With man


New YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm is a leading global lawyer for investor rights is pleased to announce its filing of a class-action lawsuit on behalf of buyers of Securities of New Oriental Education & Technology Group Inc. 

(NYSE: EDU) between April 24, 2018 through the 22nd of July, 2021 inclusive (the "Class Period"). The class action suit has been already filed. If you would like to be a plaintiff as the lead plaintiff in the lawsuit, then you have to apply to the Court by April 5, 2022.


What happens if you bought New Oriental Education securities during the class period, you could be eligible to receive compensation with no the payment of any fees out of pocket or expenses via a contingency-fee arrangement.


WHAT TO DO NEXT: 

To join the New Oriental Education class action, go to 

. The class-action lawsuit has been filed. If you would like to be a lead plaintiff as the lead plaintiff, you must apply to the Court by April 5th 2022. Lead plaintiffs are group that acts for the benefit of other class members to manage the proceedings.





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