Three Arrows Capital Ltd.’s liquidators secured a key court decision in Singapore that may give them greater insight into the collapsed crypto hedge fund’s remaining assets in a major jurisdiction, people with knowledge of the matter said.
The Singapore High Court on Monday granted a petition by advisory firm Teneo, which in June was appointed by a British Virgin Islands court to liquidate Three Arrows, to recognize the liquidation order in the country, the people said, asking not to be named as the proceedings were private. Teneo is trying to round up and preserve the hedge fund’s assets.
Recognition in Singapore gives the liquidators authority to request access to any financial records the fund kept locally, the people said. They lacked the legal basis to do so before gaining formal recognition by a local court, according to the people.
The liquidators plan to focus on establishing what assets held in Singapore -- such as bank accounts, properties, cryptocurrencies, nonfungible...
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