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Plaintiff Prevails in CourtCivil
Business Operation Dispute and Security Deposit Refund
The defendant was contractually obligated to provide necessary support and cooperation to ensure the plaintiff (client) could operate their store smoothly. This included maintaining the store's operational condition, transferring operational know-how, and providing staff training to deliver proper customer service. However, the defendant failed to fulfill these contractual obligations, making it difficult for the plaintiff to operate the store effectively. Consequently, the plaintiff terminated the contract and demanded the return of their security deposit.
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Legal Opinion on Point Ownership and Usage Rights Is...Corporate & Biz
Legal Review of E-Commerce Points and Expired Credit Policies
Company A operates a point accumulation system that allows customers to earn and use points at specific partner companies. In collaboration with Company B, Company A offers its members benefits related to point accumulation and usage. However, there were ambiguities regarding the ownership and usage rights of expired points after their validity period elapsed. To address this, Company A sought legal advice to clarify the legal nature and ownership of expired points.
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Seizure and Enforcement of Cryptocurrency Return Cla...Crypto
Cryptocurrency Debt Enforcement Through Seizure of Return Claims
The client, a creditor, provided 90 Ethereum (ETH) to a debtor under an agreement to exchange it for other cryptocurrencies. However, due to the debtor’s circumstances, the agreed cryptocurrencies were not delivered. Both parties agreed to terminate the contract, and the debtor was obligated to return 90 ETH to the client. Despite this agreement, the debtor failed to fulfill the obligation, leading the client to file a civil lawsuit. The court ruled in favor of the client, confirming the creditor’s entitlement to 90 ETH and the debtor’s obligation to return the agreed amount.
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Successfully Secured the Inheritance of 800 Million ...Crypto
Recovery of 800 Million KRW Worth of Virtual Assets in the Bittrex Exchange Bankruptcy
In 2023, Bittrex, one of the world’s largest cryptocurrency exchanges, declared bankruptcy, putting the inheritance of Ethereum (ETH) 166 and Bitcoin (BTC) 2 at risk for our client. The total value of the assets amounted to approximately 800 million KRW. However, the client missed the creditor filing deadline, making it difficult to claim their inheritance.
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Non-Prosecution Decision (No Charges)Criminal
Non-Prosecution Decision for NFT Business Allegations
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.
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Legal Review Opinion for Token Listing and P2E Servi...Crypto
Legal Review Opinion on Domestic P2E Service for Overseas Token Projects
Decent Law Firm was commissioned by an overseas cryptocurrency foundation to provide a legal review opinion on its token project, particularly regarding its Play-to-Earn (P2E) services in South Korea. The token project aimed to list its tokens on domestic cryptocurrency exchanges, necessitating a legal evaluation of the token’s securities classification and potential regulatory concerns related to P2E services under South Korean law. The review focused on whether the P2E service might violate local regulations and how such risks could impact the token’s listing process.
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English Supply Agreement Drafted and ReviewedCross-border · Dispute Resolution
Drafting and Reviewing an English Supply Agreement for an Overseas Corporation
A domestic supplier engaged Decent Law Firm to draft and review an English-language supply agreement with a Swiss corporation. The client requested a thorough review of the agreement's terms and an English-formatted draft tailored to the parties' legal and commercial requirements.
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Tailored Drafting and Review of Terms of ServiceCorporate & Biz
Drafting and Revising Terms of Service for Corporate Clients
The client operates a business where transactions are conducted via consultations rather than direct purchases or payments on their website. They were uncertain about whether their terms of service should include clauses covering the full process, from contract formation to delivery. Additionally, the client raised concerns about whether separate terms should be applied to non-members, as the current terms were explicitly limited to registered members.
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Comprehensive Legal Risk Assessment of Large-Scale F...Crypto
Legal Review of Arbitrage Trading via Kimchi Premium and Cross-Border Remittances
The client planned to execute foreign remittances worth several hundred billion KRW monthly. Such large-scale remittances are subject to rigorous monitoring by regulatory authorities, and failure to adhere to proper procedures can result in penalties under the Foreign Exchange Transactions Act. Historical precedents have shown that substantial capital movements based on falsified documents have led to severe penalties by financial authorities, including criminal sanctions depending on the scale of the transactions. To ensure compliance, the client sought a legal review of their proposed large-scale foreign currency remittances.
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Plaintiff Prevails: Contract Termination and Refund ...Corporate & Biz
Termination of Business Transfer Agreement and Refund of Transfer Fees
The plaintiff, as the party acquiring a business, entered into a business transfer agreement with the defendant, the party transferring the business. However, the agreement led to a legal dispute over title transfer and the refund of a lease deposit. The two parties, who were acquaintances, executed the agreement through a conversation on KakaoTalk, after which the plaintiff paid tens of millions of won as the transfer fee. Despite agreeing to transfer the business title, the defendant repeatedly delayed the process, citing financial difficulties. During this period, the defendant’s lease deposit return claim was seized, making it impossible for the plaintiff to renew the lease agreement. Consequently, the plaintiff sought assistance from Decent Law Firm to terminate the agreement and claim a refund of the transfer fees through legal action.
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Non-Indictment Decision (No Charges)Criminal
Defamation and Insult Allegations on Social Media: Non-Indictment Decision Client Information
The complainant accused the defendant of defamation and insult, claiming that a comment left on their blog and an Instagram story post damaged their social reputation. The complainant pursued a criminal case, asserting that the defendant's actions caused serious harm to their social standing. The defendant, however, maintained that the statements were not intended to defame or insult and argued that the expressions in question did not meet the criteria for defamation or insult under the law.
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AcquittalCriminal
Acquittal in Criminal Case: No Involvement in Fraud or Unauthorized Fundraising
The defendant, Client A, was accused of aiding and abetting unauthorized fundraising and fraud, involving hundreds of billions of won. Prosecutors alleged that A collaborated with their spouse, B, who was implicated in fraudulent fundraising activities that severely impacted a company. A was charged primarily due to their marital relationship with B. Evidence presented by prosecutors included A’s alleged involvement through the use of their ID, files linked to B’s crimes found on A’s laptop, and past instances of fleeing authorities alongside B.
