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A lawyer has shared his insights onNewJeans' contract withADORfollowing the group’semergency press conference.
He pointed out that HYBE had previously unilaterally notified former CEOMin Hee Jinof the termination of their shareholder agreement.
Read his full posts below:
“NewJeans will not file an injunction regarding their exclusive contract.
However, they can leave without filing a lawsuit.
For now, there is no way to stop NewJeans from becoming independent.
NewJeans is paving a new path and not hiding in the shadows.
Watching them makes you feel good and inspires you to support them.”
“Some are questioning whether NewJeans can unilaterally leave without legal action, but that claim is incorrect.
HYBE unilaterally notified CEO Min Hee Jin of the termination of their shareholder agreement.
Does it make sense for them to act that way but claim others cant do the same?
There is a difference between the two situations, however.
If theres a difference, thats the difference.”
What are your thoughts?
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