Topic: Adversary claim

Bedzhamov battles Russian trustee again for permission to sell Belgravia properties

The bankrupt former owner of Russia’s Vneshprombank has again asked an English Court to let him sell two London properties for his legal and living expenses, as his Moscow-based bankruptcy trustee tries to block the deal ahead of a UK Supreme Court hearing in November.

30 May 2023

Freshfields advising as Danish shipping group secures Ch15 relief in Delaware

The Danish bankruptcy trustees of a shipping group that provides services to the offshore wind industry have secured recognition in the US, blocking creditor action brought against it over a failed joint venture.

18 April 2023

KPMG, Goldman Sachs and Morgan Stanley facing SVB investor class action

Silicon Valley Bank’s directors, auditors and underwriters are facing a new class action lawsuit brought by two pension funds and an employee benefit scheme, who claim they bought SVB stock at “artificially inflated prices” as a result of the collapsed bank misrepresenting the strength of its balance sheet.

11 April 2023

FTX sues Bahamian liquidators over property ownership

Collapsed crypto exchange FTX is suing the liquidators of its Bahamian affiliate FTX Digital Markets in response to what it says are “serial threats” to try and relocate the group’s Chapter 11 bankruptcy to The Bahamas.

22 March 2023

Canadian recycling company obtains Ch15 recognition despite creditor objections

An Ontario-based industrial recycling company has secured recognition of its Canadian restructuring in the US, despite claims the relief sought was “manifestly contrary” to US public policy.

21 March 2023

Adler noteholder lodges Frankfurt suit challenging note issuer substitution

A noteholder of German real estate group Adler has lodged a complaint in a Frankfurt regional court, challenging the group’s substitution of an English subsidiary as note issuer to pursue an English restructuring plan.

09 March 2023

Noor Capital seeks to purge NMC Healthcare contempt of court charges

After admitting they took steps against Middle Eastern healthcare group NMC in Dubai that were in breach of an Abu Dhabi Global Market anti-enforcement order, financial broker Noor Capital and its chairman have sought to purge contempt of court charges against them.

02 March 2023

FTX CEO and Bahamian JPLs sign co-operation agreement

Despite an escalating war of words at the start of last week, the team behind bankrupt cryptocurrency platform FTX’s Chapter 11 case and the securities regulator of the Bahamas and its appointed liquidators have agreed to cooperate.

09 January 2023

Celsius ruling “should be helpful” to FTX customers, ex-CEO faces fraud suit

After a New York court ruled this week that bankrupt crypto brokerage Celsius owns funds deposited by thousands of investors, lawyers in the US and Singapore tell GRR the decision provides important drafting lessons and may prove a useful precedent for FTX customers.

06 January 2023

FTX and Bahamas securities regulator spar over crypto asset seizures

The Bahamas securities regulator and the team overseeing bankrupt cryptocurrency platform FTX’s Chapter 11 proceedings are fighting over a US$3.5 billion valuation of digital assets seized after the group entered provisional liquidation – the latest wrangle in a fraught relationship between the proceedings in the two jurisdictions.

03 January 2023

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