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Non-Prosecution Decision for NFT Business Allegations

Non-Prosecution Decision for NFT Business Allegations

Client Information
Individual / Defendant
 
Case Details

The client, a former employee of an NFT (Non-Fungible Token) issuing company, founded their own corporation after resigning and began issuing and selling new NFTs. However, the former employer accused the client of using trade secrets obtained during their tenure to establish the new business and filed a complaint for violating the Unfair Competition Prevention and Trade Secret Protection Act (hereinafter referred to as the Unfair Competition Prevention Act).

Decent Law Firm represented the client from the beginning, arguing that the alleged "trade secrets" claimed by the complainant were not legally protected. During the initial investigation, the client's defense succeeded, resulting in a non-referral decision by the investigative agency. Nevertheless, the complainant contested this outcome by filing an appeal, which led to the case being reassigned to the prosecution for further review.

Decent's Strategy
After the case was referred to the prosecution, Decent Law Firm meticulously reexamined the requirements for trade secret protection claimed by the complainant and provided logical arguments demonstrating why the materials did not meet these requirements.

The firm also presented evidence that the client independently developed their own NFT project after resigning and proved that no harm was caused to the complainant. Despite the client generating profits from the NFTs, Decent Law Firm successfully established that the new project was entirely unrelated to the complainant's company, thereby disproving allegations of breach of fiduciary duty.
Outcome
"Non-Prosecution Decision (No Charges)"

Decent Law Firm provided a systematic and well-reasoned defense against the complainant's claims. The prosecution accepted the argument that the materials in question did not meet the legal requirements for trade secret protection, leading to a non-prosecution decision (no charges) for the client.

This case highlights Decent Law Firm's expertise in addressing complex legal disputes in emerging industries like NFTs, ensuring clients receive fair and just outcomes.
#NFT # TradeSecretInfringement # UnfairCompetitionPreventionAct # ProsecutionInvestigation # BreachofFiduciaryDuty

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