Liquidators said ssues with identifying FTX assets are governed by the laws of the Bahamas, England, and Antigua and Barbuda, and need to be addressed before the company is wound down.
June 08, 2023 at 04:48 PM
3 minute read
The original version of this story was published on Delaware Business Court Insider
Liquidators of FTX assets in the Bahamas are once again seeking relief from a stay imposed by the Delaware bankruptcy court, claiming the two courts should reexamine jurisdiction over non-U.S. law claims.
At a hearing Thursday before Bankruptcy Judge John T. Dorsey, attorneys advocating for the stay to remain in place said lifting it could derail finalizing a Chapter 11 plan in the District of Delaware, while those asking for the stay to be lifted said it’s been weaponized by the FTX debtors.
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