Questioning of Haru Invest postponed to Sept 7 due to absence of Haru Invest CEO

Odaily Planet Daily News Since the previously announced presence of Haru Invest CEO Hyung-soo Lee did not attend, the questioning of Haru Invest's recovery procedures will continue next month, and the substantive trial will be held on September 7. In addition, the court requested that the debtor be identified before the next trial date. (News1) According to the previous news on August 7, Haru Invest CEO Hugo Lee sent a letter to its members stating that certain members had applied to the court for an order to start the recovery process, and the court had placed a preservation order on Haru Invest Korea Co., Ltd. and a total injunction order. A conservatory disposition orders the debtor not to repay the debtor's assets until a decision has been made to initiate the recovery process, while a blanket injunction prevents creditors, etc., from enforcing the debtor's assets until the decision to initiate the recovery process is made. Haru Invest will conduct an inquiry on the above recovery procedure case this month and submit an opinion on the recovery procedure to the court. Haru Invest is currently recovering assets from B&S Holdings through civil and criminal legal means, but it is expected that it will take some time to recover the assets. Therefore, it is planned to summarize the plan for the first collection and distribution of other assets before submitting them to the court.