Do Kwon Seeks Delay in SEC's Terraform Trial: Attendance Dilemma

• Legal Representatives Request Postponement of SEC Trial Against Ex-Terra CEO, Do Kwon
• Circumstances Surrounding the Request
• Developments in the Extradition Process and Legal Proceedings
• US Legal Proceedings: Both Parties File for Summary Judgment

Legal Representatives Request Postponement of SEC Trial Against Ex-Terra CEO, Do Kwon

Do Kwon, the previous Chief Executive Officer of Terra, is represented by legal counsel who have requested a U.S. court to postpone the Securities and Exchange Commission (SEC) trial against both him and his previous firm. The reasons given for this request include uncertainty surrounding the timeframe for Kwon's extradition from Montenegro.

Circumstances Surrounding the Request

In a document that was initially discovered by Inner City Press, Kwon's legal team stated that the extradition procedure in Montenegro is not progressing at the expected rate. They forecast that their client will likely not be present in the U.S. until February or March at the earliest.

Should the court decide against delaying the trial, Kwon's legal team has requested that the jury be instructed to consider his absence and inability to testify as factors that should not unduly prejudice him. The trial was originally set to begin at the end of January.

Developments in the Extradition Process and Legal Proceedings

There have been delays in Kwon's extradition process, following his legal team's successful appeal against a decision made by a high court in Montenegro. The court had initially decided to extradite him to the U.S. or South Korea. However, the Appeals Court has now ordered a retrial due to concerns over procedural issues.

US Legal Proceedings: Both Parties File for Summary Judgment

In the United States, both Kwon and the SEC have filed for summary judgment in their ongoing legal dispute. Each party is requesting a federal judge to rule in their favor without the need for a trial. They argue that their opponent has not provided enough evidence to substantiate their claims.

Edited by Jonathan Stoker