NEWS
2024.03.15
Delio's Negotiations Amidst Financial Challenges
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Lawyer
With investment funds tied up in Delio, the delay in the rehabilitation process and the detention of key executives at B&S-Harvest have raised uncertainty about whether Delio will be able to recover the funds. In response, Delio and its creditors are negotiating a memorandum of understanding that includes debt repayment. "If Delio received some BTC at the time of signing the contract with the investors and agreed to pay them back in BTC, then it should be paid back in BTC, but if the contract was based on the amount of money converted to KRW, then it should be paid back in KRW at the time," explained Ohoon Kwon, Partner Attorney at Cha & Kwon Law Offices."
URL : Delio's Negotiations Amidst Financial Challenges
