Judge orders the Argentine Football Association to hire the Binance deal-
Judge orders the Argentine Football Association to hire the Binance deal-
A judge decided to stop the deal that the Argentine Football Association (AFA) signed last week with Binance, one of the leading stock exchanges in the world of cryptocurrencies. María José Gigy Traynor dictated an injunction that ordered the cancellation of all business announced or signed by Binance due to exclusivity contracts that the AFA still has with Socios.com. The contracts include the issue of a new fan token.
Argentine Football Association at Binance deal blocked
The Argentinian Football Association (AFA) was instructed to stop all the business with which he had completed Linance . María José Gigy Traynor, the judge who ordered the measure against the AFA, was of the opinion that previously signed agreements had been contradicted to this new contract.
The sentence a subsequent release, "During the main foundation of a party to maintain existing factual or legal situation ”.
This means that the new business cannot be carried out as long as there are other obligations with other parties. This includes earlier contracts that include the partnerships for naming and the start of fan token, as those that the association had previously signed with Socios.com, the party that applied for this measure.
socios.com achieves results
The contract signed with the fan token emittente, SOCIOS.com last year, included obligations that contradicted the new contract announced in the past month with Binance. The Argentine Football Association had already started a fan token partnership with Socios.com. The latest announcement by Binance caused confusion and frustration among the owners of the first tokens, who were talking on social media.
The Argentine Football Association (AFA) has not commented directly on the order or any measures regarding the injunction. Socios.com, the party affected by the AFA measures, was relieved to receive this injunction. In a press release on this topic, Socios.com specified :
We welcome this decision of an independent judicial system that recognize that our contracts remain in force and we will continue to work actively with the Argentine judicial system to defend the rights of $ Arg-fan token.
What do you think of the injunction that the Argentine Football Association shows to hire all business with bony? Tell us in the comment area below.
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