FAQ for Haru Invest trust case
What kind of payment option is available?
You can either use bankwire or crypto. Instructions are included in the letter of engagement.
How do I get the letter of engagement?
Please email your information to lee@soohyunlaw.com
What is the wallet address? I can’t copy from the engagement letter.
0xd6d0cD45f1114BA8837aEF9Ba0B84dFCb64D0F7b
Where do I fill out the form to submit evidence of the transaction to Haru Invest?
Please read instructions in the letter of engagement.
https://forms.gle/kNPGyCZhskYbFvfcA
What if I can’t provide evidence of the wallet which I have sent the token from?
In this case, I will file the claim with the information from haruinvest.com as it is highly likely for the Trustee to confirm the information.
I do not have a passport. Can I submit my driver's license instead?
Yes. Passport is used to conduct KYC to reduce friction during the claiming process with the Trustee.
What happens if our claim as trust beneficiary is denied? Will I still be acknowledged as ‘general creditor’?
Yes. The bottom line is that you will be acknowledged as ‘general creditor’
If a trust beneficiary claim is denied, what is the next course of action?
We can take legal action against such decision.
How much will this cost?
1. The bankruptcy trustee or any other creditor can raise objections to the nature of our claim as trusted assets.
2. If our claim is denied by the trustee, we have the right to appeal against such decision within one month from the creditors' meeting and credit investigation date. We will have a trial. In our case, it is February 11, 2025.
3. If we are defeated, we can appeal against the court decision within one month. This will be our second and last trial in order for us to be recognized as a trust beneficiary.
4. If our assertion is denied, we may have to have one or two trials in order for us to be recognized as trust beneficiaries before the court.
5. In short, if our claim as trust beneficiary is accepted by everybody in the first instance, there will be no need for legal disputes any more, which I think is unlikely.
6. The legal fees for these legal disputes are not determined yet. However, it will not be that much different from legal fees for phase 1.
Is there additional cost associated with receiving the funds back?
No. Only administrative cost such as fees required to transfer the funds (e.g. bank fee or transaction fee)
Why can’t I receive the funds directly from the court?
There is no information available at the moment regarding the method of distribution. If it is done by crypto and if I’m able to submit your address directly, then I will arrange this accordingly. If it is done via bank transfer to a Korean bank, I’ll first receive the funds and distribute them accordingly.
What about the interest from the closure of Haru Operation (2023.06.21) to Bankruptcy decision (2024.11)?
According to the trustee, it is unlikely for him to accept the interest you said. However, if you want to, we can include those interests in the claim filing report.
I have not received an email from glosign.
Please check the spam folder. If you still have not got any, please email lee@soohyunlaw.com
Glosign does not work for me. It’s crashing.
Please use chrome browser as some browsers are not compatible with this service.
Why not use docusign?
Korean service has the advantage of proving the authenticity over in Korean court.