Haru Invest CEO: Will initiate inquiries regarding the recovery program case this month

ChainCatcher news, Haru Invest CEO Hugo Lee wrote to Haru Invest members stating that certain members have applied to the court for an order to initiate recovery proceedings. The court has issued a preservation order and a comprehensive injunction against Haru Invest Korea Co., Ltd. The preservation order prevents the debtor from repaying the debtor's assets before deciding to initiate recovery proceedings, while the comprehensive injunction prevents creditors from enforcing the debtor's assets before a decision is made to initiate recovery proceedings.

Haru Invest will consult on the aforementioned recovery proceedings case this month and submit opinions regarding the recovery proceedings to the court. Currently, Haru Invest is pursuing asset recovery from B&S Holdings through civil and criminal legal means, but it is expected that retrieving the assets will take some time. Therefore, it plans to summarize the preliminary confiscation and distribution of other assets before submitting it to the court.

According to a previous report by ChainCatcher on July 14, Haru Invest stated that due to the uncertainty regarding the specific scale of recoverable assets held by B&S Holdings, it is currently difficult to pursue recovery. Therefore, it is considering using internal company assets for compensation in case the recovery of assets held by B&S takes longer.