[NEWS]120719 SM Ent. & JYJ postpone to get a decision from the court about their exclusive contract
The decision from the court on the matter of exclusive contract between SM Entertainment and JYJ (Jae Joong, Jun Su, and Yoo Chun) was postponed.
The decision was supposed to be given on July 19 at 10:00 a.m. at Seoul Central District Court. However, it was postponed again. The decision will now be given on August 10.
SM Entertainment and JYJ have tried to reconcile their differences, having postponed the court’s decision six times since May. However, the reconciliation couldn’t be brought about and they were again brought into court at the end of last year.
They set a date to plead the case in May and made their points to each other, but they couldn’t reconcile because of their clear differences. However, before the decision was made from the court, SM Entertainment proposed a settlement again.
JYJ filed for an injunction in 2009 to stop validity on the unfair exclusive contract between them and SM Entertainment. As the court granted it, SM Entertainment filed a lawsuit to confirm the validity of the exclusive contract and also brought an action for damage against them in April, 2010. At this, JYJ also filed a lawsuit to verify invalidity of the contract.
The court dismissed all actions brought by SM Entertainment against Jae Joong, Yoo Chun, and Jun Su in February last year. Through the decision from the court, the exclusive contract between SM Entertainment and JYJ was declared null and void.
Credits: Star.mt.co.kr
Shared by: @DBSK_Worldwide
No verdict for JYJ vs SM trial: Arbitration meeting Aug. 10
As it appears, the court has accepted SM’s request for arbitration.
The date set for August 10th, is the date for the arbitration meeting. Where this goes from here, I honestly don’t know.
There is no verdict date now. I want to make that clear.
Extra Info:
Both parties, in this case, JYJ and SM, must adhere to the court’s decision once it grants arbitration. In South Korea, law is different so please keep this in mind.
Updating as more info is released.
@hellothrice