At the FTX hearing on Dec. 16, the FTX liquidators demanded “respect for the Bahamas’ legal system” in connection with the ongoing bankruptcy case in the United States, while filing allegations of “improper conduct.” Denied. of the Bahamas.
FTX debtors sought to unseal creditor files, citing “significant progress in identifying assets.” They also said they have no objection to media outlets such as The New York Times and Bloomberg intervening in unsealing individual creditors.
James Bromley, partner in Sullivan & Cromwell’s Financial Restructuring Group, shared details of a December 15 meeting between debtors and liquidators in the Bahamas. The company hopes to find a solution by the Jan. 6 hearing.
Jason Zakia, a partner at global law firm White & Case, said the proposal filed with debtors addresses all the issues Bromley raised earlier this week, according to hearing members. I told Zakia said Bahamas hopes that debtors will accept it “in good faith.”
For the latest information on this incident, please see our latest post. Sale of LedgerX, Disclosure of Creditors, and Safekeeping of Funds. “
