Our analysis of a recent court judgment in the ongoing
liquidation of the high profile crypto-asset hedge fund Three
Arrows Capital is by Nicholas Brookes and Romauld Johnson, part of
Ogier's BVI team representing the joint
liquidators.
Read our update on crypto insolvency issues from Three Arrows,
which illustrates implications of the judgment including
- a reminder to creditors of the potential consequences of
submitting a claim form in an insolvency proceeding
- the territorial breadth of office-holders' powers under the
Insolvency Act 2003
- questions about the location of cryptoassets
The decision in Russell Crumpler and Christopher
Farmer (as Joint Liquidators of Three Arrows Capital Ltd (in
Liquidation)) v (1) Cheong Jun Yoong and (2) Three Arrows Capital
Ltd (in Liquidation)1 is one of the latest
developments in the ongoing liquidation of the cryptoasset hedge
fund, Three Arrows Capital (3AC).
