Hanryu Holdings Inc
For the period ended Jun 30, 2024. Filed Oct 15, 2024.
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Jun 30, 2024 · Filed Oct 15, 2024
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Legal Proceedings
Item 1. Legal Proceedings.
The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. In the opinion of management, the outcome of these matters will not have a material adverse effect on the Condensed Consolidated financial position or results of operations of the Company. For the six months ended June 30, 2024, the Company two suspended legal cases as follows, and as of October 15, 2024, the result of the two cases are not certain.
| Case Number | Opponent | Case Summary | Litigation Value |
|---|---|---|---|
| Seoul South Federal Court ; 2023GADAN218067 | Seoul Yacht Marina, Co., Ltd, and another | Building Delivery | $85,686 |
| Seoul South Federal Court ; 2024GASO214189 | Seoul Yacht Marina, Co., Ltd | Compensation for damages | $10,644 |
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