Topic: Provisional liquidation

Blockchain finance network enters liquidation in Ireland after failed investment

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

Wine investment fund enters provisional liquidation in Bermuda following regulator investigation

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

Bahamian and US courts agree FTX recognition orders, examiner bid rejected

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

Bankman-Fried Antiguan entity's JPLs open Chapter 11

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

Boeing denied leave to appeal Chapter 15 discovery order

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 insolvency-specialist barristers take silk

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

05 January 2023

US court approves 3AC communication protocol, subpoenas founders

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

Hong Kong court applies Global Brands Group COMI criteria to assist BVI liquidators

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

Another crypto firm bites the dust: BlockFi enters Chapter 11 in New Jersey

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

Crypto’s “Lehman” moment? FTX enters Chapter 11 after filings in Bahamas and Australia

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

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