Topic: Provisional liquidation

Interpath Advisory managing directors Kenneth Fennell and Andrew O’Leary have been appointed as joint liquidators of an Irish software company that has struggled since a multi-million-euro investment from Bank of America fell through earlier this year.

09 March 2023

A Bermudian court has appointed joint provisional liquidators over a local fund that specialises in fine wine investment, after the island’s financial regulator raised concerns following investor allegations of wrongdoing.

21 February 2023

Courts in The Bahamas and the US have agreed to recognise FTX’s insolvency processes in each other’s jurisdictions, while the US Trustee has failed in a bid to appoint an independent examiner to investigate allegations of fraud by the crypto group.

15 February 2023

The offshore provisional liquidators of an Antiguan holding company controlled by FTX Group founders Sam Bankman-Fried and Gary Wang have placed it in Chapter 11 in Delaware to defend it – and themselves – from a slew of competing claims over US$600 million in shares that it allegedly owns in online trading company Robinhood.

08 February 2023

US multinational The Boeing Company has failed in its attempt to appeal a disclosure order obtained by South African airline Comair in its Chapter 15, after a New York district court dismissed arguments that the order was “final” entitling Boeing to appeal as of right.

02 February 2023

Two barristers with a specialism in insolvency have made it onto the King's Counsel appointments list following the 2022 competition.

05 January 2023

The US court overseeing the Chapter 15 proceedings of crypto hedge fund Three Arrows Capital has approved a cooperation protocol with its Singaporean and British Virgin Islands counterparts, and ordered the fund’s founders to produce documents - as as a presentation from the fund’s liquidators in the US docket reveals actions in Canada and the Seychelles.

13 December 2022

UPDATED: Applying his “landscape-changing” decision in Global Brands Group, Mr Justice Harris has recognised the British Virgin Islands liquidators of a joint venture company formed by Chinese property developers Yuzhou Group and Chengdu Ruizhuo Real Estate to buy a real estate project in southwestern China's Sichuan province.

05 December 2022

The crypto winter has upped its body count with another platform, BlockFi, being placed on Chapter 11 life support in New Jersey, as it sues FTX’s founder Sam Bankman-Fried to seize shares he allegedly pledged to it as collateral.

29 November 2022

The world’s second largest cryptocurrency institution FTX has filed for bankruptcy protection in the US after a tumultuous week, with lawyers expecting fresh regulation for digital assets among what some are calling crypto’s “Lehman” moment.

11 November 2022