SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Binance / BNB
BNB 23.20-7.5%9:18 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Julius Wong who wrote (29)4/26/2018 4:57:21 AM
From: w0z   of 47
 
As I said "Screw the VCs"

Fellow Binancians,

With reference to the Hong Kong legal proceedings between Mr. Zhao Changpeng ("Mr. Zhao") and a subsidiary of Sequoia Capital China ("SCC"), Binance wishes to make the following statement:

SCC obtained an ex parte injunction without notice against Mr. Zhao at the end of December 2017. After a hearing attended by both parties' legal representatives in April 2018, the High Court of Hong Kong has now determined that this injunction should not have been granted, as it had been improperly obtained and constituted an abuse of process by SCC. On this basis, SCC was ordered to pay Mr. Zhao's costs in relation to the legal proceedings.

Mr. Zhao denies all of SCC's allegations relating to the present dispute.

As the substantive issues in dispute between the parties are subject to confidential arbitration proceedings, Mr. Zhao will make no further comment on the matter.

Binance Legal Team

2018/04/26

https://support.binance.com/hc/en-us/articles/360003048892
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext