Terra founder Do Kwon Appeals Against Extradition Decision of Montenegrin Court

As per the legal clause, the Montenegrin Court has to review the appeal from Do Kwon but source said that the Terra founder has slim chances.
By Bhushan Akolkar
do kwon

In a recent development, Kwon Do-hyung, the founder of Terraform Labs (TFL), has lodged an appeal against the extradition ruling by the High Court of Podgorica in Montenegro.

Will Court Hear Do Kwon’s Appeal Against Extradition?

The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung has contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”

With this appeal, the Montenegrin Court of Appeals is mandated to reassess the extradition decision. Consequently, the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision on Kwon Do-hyung’s repatriation by the looming deadline of December 15.

This legal development follows the Montenegrin court’s initial decision on June 15 to detain Kwon Do-hyung for extradition, setting a six-month detention period until December 15.

In recent developments, Marija Rakovic, the press officer of the Podgorica High Court, clarified on December 1 that individuals involved in extradition cases, such as Kwon Do-hyung, possess the right to challenge court decisions, as per information sourced by local news publication Digital Asset.

Rakovic further elaborated, stating, “Once the appeal is submitted, the Montenegro Court of Appeals will decide (on extradition) again.” While there is a prevailing local belief that the chances of overturning the repatriation decision are minimal, the legal process continues to unfold.

Will Terra Founder Go to the US or South Korea?

Approximately two weeks following the extradition decision, Kwon Do-hyung has filed an appeal. On November 24, Montenegro’s High Court, in a press release, announced the approval of Kwon Do-hyung’s extradition, requested by both South Korea and the United States.

Despite this, the court clarified that the final decision on the repatriation country, whether Korea or the United States, rests with the Minister of Justice. During the extradition trial, Kwon Do-hyung expressed a preference for extradition to Korea, as mentioned in the court’s press release. On the other hand, the U.S. SEC is also seeking the extradition of Do Kwon.

Subsequently, concerns have arisen regarding Kwon Do-hyung’s intention to comply with the extradition decision, prompting inquiries from various parties, including the Montenegrin court, the Ministry of Justice, and Kwon Do-hyung’s legal representative.

A journalist well-versed in Montenegro’s legal landscape revealed on December 3 that there is a strong likelihood of Kwon Do-hyung being extradited, possibly to Korea or the United States, in January of the coming year.

The journalist pointed out that the attention drawn to Kwon Do-hyung’s imprisonment in Montenegro has become a source of concern for many government and judiciary officials in the country.

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Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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