Montenegro’s Excessive Courtroom has determined to extradite former crypto magnate Do Kwon to the US as an alternative of his dwelling nation, South Korea, native media reported on Feb. 21.

The choice marks a pivotal flip within the worldwide authorized saga surrounding Kwon, the founding father of Terraform Labs, who faces costs associated to monetary crimes in each nations. The timeline for his extradition is unclear and will take a number of weeks or months to finalize.

Extradition processes can fluctuate in size and complexity, relying on the authorized frameworks, the cooperation between the concerned nations, and any potential appeals or additional authorized actions that could be taken by the events concerned.

Given the high-profile nature of Kwon’s case and the involvement of a number of jurisdictions, it’s possible that the extradition course of will likely be carefully monitored and topic to strict procedures to make sure its legality and equity.

Political concerns

The appellate courtroom had beforehand directed the Excessive Courtroom to find out whether or not Kwon can be extradited to South Korea or the US, as each states had made official requests. Whereas preliminary rulings confirmed the eligibility for Kwon’s extradition, the choice on the place to ship him was left to Justice Minister Andrej Milović.

Nevertheless, the appellate courtroom later overturned the ruling and clarified that the Justice Minister’s decision-making position solely applies in common extradition proceedings. Since Kwon consented to extradition in a fast-track course of, the ultimate choice fell to the courtroom.

Kwon’s protection, led by legal professional Goran Rodić, had argued for his consumer’s extradition to South Korea based mostly on authorized grounds, together with the European Extradition Conference, a bilateral settlement with America, and Montenegro’s regulation on worldwide authorized help.

Regardless of these arguments, the courtroom has determined to extradite Kwon to the US, reflecting deeper political concerns, as Milović beforehand acknowledged that the US is Montenegro’s principal overseas coverage companion.

Faux paperwork

The saga started when Kwon and his affiliate Han Chang Jun have been arrested in March final 12 months at Podgorica Airport, making an attempt to fly to Dubai with faux Costa Rican passports.

Additional investigation revealed in addition they possessed Belgian journey paperwork, which they claimed to have obtained via an company in Singapore for world journey.

In the course of the courtroom proceedings in Podgorica, Kwon defined that the Belgian passports had incorrect names and birthdates, in order that they opted to make use of the Costa Rican passports to journey as an alternative.

Kwon additional claimed that he was unaware that the Costa Rican passports have been faux because the issuing company had appeared official.

He mentioned his belief within the issuing company was based mostly on earlier profitable functions, together with a denied request for Grenada passports however an authorized one for Costa Rica, which constructed their confidence within the company’s reliability.