4:03 pm - 08/21/2019
Jessica Files Appeal After Losing Lawsuit By Chinese Management Agencies
It was revealed that Jessica has been involved in a lawsuit with two Chinese management agencies.
In 2016, Jessica’s agency Coridel Capital Management (HK) Limited (hereforth Coridel) signed a contract granting two Chinese management agencies exclusive rights to manage Jessica’s Chinese entertainment activities until February 28, 2019.
The Chinese agencies filed a lawsuit against Jessica stating that she had not abided by the contract and requested that she return the money they had given her for exclusive authorization and pay a penalty for breach of contract, undivided profits, and more, amounting to a total over 2 billion won (approximately $1.6 million) to be paid by Jessica. On November 27, 2017, the Beijing Arbitration Commission ruled in favor of the Chinese companies.
Jessica’ side argued that she was not a direct contracting party and that the arbitration was invalid because she had not agreed to it in her letter of authorization. She later took the lawsuit to Korea, but the Seoul Central District Court made the same judgement as the Beijing Arbitration Commission, arguing that Jessica had issued the letter of authorization as the executer of the contract in practice, even though she was not a direct contracting party. After the Seoul High Court dismissed her appeal request on July 23, Jessica appealed once again to the Supreme Court and is currently awaiting the results.
source: @soompi, soompi, asiatoday
Posting this bc she took the lawsuit to Korea.