TechFlow reported on August 7 that Hugo Lee, CEO of Haru Invest, sent a letter to Haru Invest members stating that certain members had petitioned the court to issue orders for the commencement of rehabilitation proceedings. The court has since issued provisional measures and a comprehensive injunction against Haru Invest Korea Co., Ltd. Provisional measures prohibit the debtor from disposing of assets prior to a decision on initiating rehabilitation proceedings, while the comprehensive injunction prevents creditors from enforcing claims against the debtor's assets before such a decision is made. Haru Invest will attend questioning regarding the aforementioned rehabilitation case this month and submit its position on the rehabilitation proceedings to the court. Currently, Haru Invest is pursuing asset recovery from B&S Holdings through both civil and criminal legal actions. However, as asset recovery is expected to take time, Haru Invest plans to first summarize and submit to the court a proposal for the preliminary collection and distribution of other available assets.
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