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Legal Steps Completed for Liquidation of Mitsubishi Heavy’s Assets l KBS WORLD Radio

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December 29, 2020
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Legal Steps Completed for Liquidation of Mitsubishi Heavy’s Assets l KBS WORLD Radio
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Legal Steps Completed for Liquidation of Mitsubishi Heavy's Assets

Picture : YONHAP Information

A South Korean court docket might now order the forcible liquidation of Japanese firm Mitsubishi Heavy Industries’ belongings to compensate Korean victims of wartime compelled labor, as a associated authorized transfer went into impact on Tuesday. 

In October, the Daejeon District Courtroom took the authorized step of issuing a “public notification” of its ruling, a rare supply format used when authorized paperwork fail to be delivered to involved events. 

In keeping with judicial circles on Tuesday, two of the court docket’s 4 authorized paperwork went into impact on Tuesday. The opposite two are set to take impact on Thursday. 

 

The court docket accomplished the duty of delivering authorized paperwork notifying Mitsubishi Heavy Industries that it wanted to promote its belongings in South Korea, a prerequisite for his or her final liquidation. The supply has been efficient since November 10. 

In November 2018, the South Korean Supreme Courtroom ordered Mitsubishi to pay 5 Korean victims of wartime compelled labor 100 to 150 million received every in compensation.





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