Part 10/13:
The legal saga extended into 2025. Lee and his newly formed board appealed a decision from Antigua courts, seeking recognition of their control over Sinovac. In January 2025, the UK’s Privy Council—an appellate court for Antigua—reversed the earlier local ruling, affirming Lee's influence and control over the company.
By February 2025, Ja Chan Lee’s board had officially taken power, although internal strife persisted. One proposed new board member, Pungf Lee, had been sentenced to prison in China for embezzlement, further complicating governance. Nevertheless, Lee’s loyalists held sway, and the company’s effective leadership was aligned with his interests.