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.
pepsi_twist9 21st-Aug-2019 04:49 pm (UTC)
At this point there's not much left to say but good luck. If it's failed two different systems there's a slim to none chance.
daynr 21st-Aug-2019 05:59 pm (UTC)
So she authorized the contract, to have it signed by Cordiel on her behalf, but now does not want to be personally liable for it? I want to know more about the entities and deals, but two countries have basically said pierce that veil so...
premonitioner 21st-Aug-2019 06:22 pm (UTC)
I'm a bit confused by the legalese, so I really wish there were more details because Jessica, sis, this ain't a good look. Cordiel is also proving to be as shady as it seemed when she first signed but hey when your long term partner is the head of your management agency....
myungung 22nd-Aug-2019 01:49 pm (UTC)
is that why she's not continuing to push her image in China? this is not a good look for her from the article man
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