Whether it's the HYBE internal document or the "ignore them" statement, neither can be enough to justify their contract termination with Ador. Moreover, the "ignore them" statement was something that happened during Min Heejin's time, so if the issue is that it wasn't properly handled, the responsibility should lie with Min Heejin. This completely contradicts the argument that Min Heejin should return as the CEO representing NewJeans.
In conclusion, the reason NewJeans could claim the termination of their contract with Ador lies in the issue of mutual trust, but the real question is who is responsible for the breach of that trust? What's crucial here is that NewJeans has already declared they won't work with Ador under the current leadership unless Min Heejin returns as the CEO. Therefore, NewJeans' contract termination shouldn't be blamed on simply Ador not letting them work.
Since NewJeans can't be forced into promoting they aren't willing to do, the real issue boils down to whether Min Heejin can return as CEO. Realistically, this seems impossible because Ador is an independent company. Even though the Ador's board may include people from HYBE, legally, Ador's board members are not obligated to represent HYBE’s interests.
In short, even if Min Heejin were to win a legal battle with HYBE over breach of shareholder agreements, it would still be impossible for her to return as CEO. However, Min Heejin’s put option (the right to sell her shares) could be triggered. The problem, though, is that Ador's value without NewJeans could plummet over time, and after a few years, it could become meaningless. In that case, Ador might have to go into bankruptcy for operational reasons.
This situation is unfavorable for Min Heejin. If things go this way, NewJeans could essentially be heading toward failure with Min Heejin because, unlike ATTRACK, HYBE is a stock company and cannot simply release NewJeans. Doing so could lead to charges of breach of trust. This would eventually lead to a legal battle, and if that happens, NewJeans would remain inactive for several years, with Min Heejin's return as CEO becoming impossible.
In short, there is a high likelihood that they will end up in a hopeless situation.
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