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... approximately an equal amount. It is worth noting that the bankruptcy application was filed in accordance with Part 11 of the Bankruptcy Code of the United States, which means the suspension of all court proceedings against the applicant to perform the ... ... preserve assets. This happened after the company sent a notice of breach of obligations to the hedge fund Three Arrows Capital (3AC) in connection with the latter's failure to fulfill the necessary loan payments. It is worth noting that many of the recent ...
Modified: 07.06.2022..., 3AC filed bankruptcy application. This happened on the basis of section 15 of the US Insolvency Code, which regulates cross-border bankruptcy. 3AC wants bankruptcy to be recognized in the US to protect the hedge fund's assets located in America. 3AC's bankruptcy application was filed in the Southern District of New York in Manhattan, with the company's head office located in Singapore. But the company's co-founder Su Joo said last April that 3AC was planning to move to Dubai. According to court documents,...
Modified: 07.04.2022Sorted by relevance | Sort by date