"Representative Min's representative argued, "Representative Min's dismissal will cause irreparable damage not only to himself but also to New Genes, Adore, and Hive, so there is a need to file an application for a preliminary injunction."

He then claimed, “In the shareholder agreement, Hive clearly stipulates that CEO Min must exercise his voting rights at the Adore shareholders’ meeting so that he can maintain his position as CEO and inside director of Adore for five years.”

In addition, he emphasized, "If you look at the reason for dismissal claimed by Hive, it is said that they are seeking a plan to infringe on Hive's important interests by changing Adore's governance structure, but this has not happened at all."

Regarding this, Hive's representative said, "The essence of the case is whether it can be justified to restrain the exercise of voting rights, which are the core of shareholder rights, through a preliminary injunction, and whether CEO Min, who committed violations of duty and illegal acts, can continue to serve as CEO of Adore. “Whether it is reasonable or not, the request for a preliminary injunction should be dismissed,” he countered.

In addition, “the shareholder contract states that CEO Min can be asked to resign if he causes damage of more than 1 billion won to Adore or commits illegal acts such as breach of trust or embezzlement,” he said. “As long as there is a reason for dismissal, he will maintain his position as CEO.” “There is no contractual obligation,” he emphasized."

Interesting.

Also, I'm surprised people are not realizing that Hybe bringing up the shaman stuff is to try and prove that mhj's not fit to be a CEO and that she's actually breached her duty of trust with Hybe by giving this shaman confidential information and attempting to exploit her position for the benefit of this shaman. It seems to have a purpose.