Topic: Virtual currency

Bankrupt Canadian cryptocurrency lender Voyager Digital, whose Chapter 11 has now been recognised in Ontario, has rejected a bid from a consortium advised by Sullivan & Cromwell, in an exchange of letters that depicts some of the risks around the different ways crypto assets may be treated in bankruptcy.

27 July 2022

Cryptocurrency lender Celsius Network and seven of its affiliates have filed for bankruptcy protection in New York, after weeks of speculation the lender was facing severe liquidity issues.

14 July 2022

The Cayman voluntary liquidators of a holding company for a group of cryptocurrency investors have asked a local court to take over supervision of the case, after its director failed to sign a declaration of solvency.

11 July 2022

Collas Crill partner Jennifer Colegate in the Cayman  Islands,  with  partner David Harby and  senior associate Daisy Bovingdon in the British Virgin Islands, consider how cryptocurrencies as a form of cryptoassets, rather than virtual assets generally, are characterised as a matter of law, and discuss the practical issues that liquidators are likely to face when seeking to realise these assets for the benefit of creditors.

16 September 2021