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Chapter 15 governs the provision of relief under US bankruptcy law to non-US companies and individuals in foreign insolvency proceedings that seek to protect th
by donkarma 4y ago
Chapter 15 governs the provision of relief under US bankruptcy law to non-US companies and individuals in foreign insolvency proceedings that seek to protect their US-located assets from enforcement proceedings or direct appropriation by individual creditors.
- cam0 4y agoSo Kyle Davies and Su Zhu likely have most of their personal assets domiciled in the United States?
- ipnon 4y agoThey're both American. Su Zhu looked to have a nice apartment in Singapore based on his now notorious UpOnly episode. It seems 3AC is kaput now, and the two will be reduced to whatever money they invested outside of the company, which for all we know is a fantastic amount of real estate, equities and cash.
- toomuchtodo 4y agoSu Zhu is attempting to sell that $35M apartment. https://www.coindesk.com/business/2022/07/01/three-arrows-capitals-su-zhu-looks-to-sell-35m-singapore-house/ https://www.coindesk.com/business/2022/07/01/three-arrows-ca... https://twitter.com/DoveyWan/status/1542484124857815040 https://twitter.com/DoveyWan/status/1542484124857815040