• The Supreme Court highlighted the lower court’s procedural errors.
• Do Kwon is free to travel inside Montenegro while facing criminal accusations globally.

The Supreme Court of Montenegro overturned a previous court’s decision on the extradition of Do Kwon, co-founder of Terraform Labs.

After the prosecution appealed the verdict of the appellate court to deny Kwon’s defense team’s appeal, the decision was made. In its April 5th decision, the Supreme Court highlighted the lower court’s procedural errors. Notably in handling competing extradition petitions from the US and South Korea.

The highest court in the land has now spoken up on the matter of extradition petitions from nations with conflicting priorities. It emphasized that each case involving extradition must be reviewed individually by the High Court in Podgorica.

Extradition orders are not finalized by the court, but by a competent ministry. The decision to repatriate Kwon to the United States or South Korea is now up to the High Court, as per this ruling. While the judgment on extradition is being made, Do Kwon is free to travel inside Montenegro while facing criminal accusations in both the U.S and South Korea.

Falsified travel papers led to Kwon’s arrest in March 2023, putting him under intense international legal scrutiny. In the meanwhile, Kwon’s prior court comments are being used by the U.S. Securities and Exchange Commission (SEC) in their trial against Terraform and him.

The continuing prosecution of Terraform Labs and its co-founder highlights the intricate legal nature of international financial crimes. A new stage in the legal struggle has been initiated by the Montenegrin Supreme Court’s judgment, which highlights the complexity of international extradition.

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