OI Photography said:In case anybody missed it, iDrone just posted this interesting article about the TRO: viewtopic.php?f=7&t=7245
(most of the same details rmk posted above, a little easier to read)
rmklaw said:OI Photography said:In case anybody missed it, iDrone just posted this interesting article about the TRO: viewtopic.php?f=7&t=7245
(most of the same details rmk posted above, a little easier to read)
You are absolutely right. Can't shake my old "legalese" habit.
The Court considered evidence that DJI China misappropriated all the revenue in DJI North America’s revenue account, sought to liquidate the assets of DJI North America on New Year’s Eve, and forced DJI North America to fire twenty employees immediately before Christmas without severance.
In order to stop irreparable harm to DJI North America and its minority owner, the Judge ordered that DJI China must return DJI North America’s access to its bank accounts and its social media accounts. The Judge also ordered that DJI China cease and desist from routing sales around DJI North America to identified North American dealers, which violated the exclusivity agreement.
The Judge ruled that an Injunction was necessary because DJI China was placing DJI North America’s assets in China, out of the reach of the United States Court. The Judge found that DJI China not only placed money from DJI North America’s revenue account into a foreign bank account, but it also directed DJI North America’s customers to make payments directly to a Chinese bank account.
ppdrone said:OK...looking in the future...can DJI Hong Kong go bankrupt because of this?
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