Insolvency case
In re Three Arrows Capital, Ltd.
- Authority
- US Bankruptcy Court for the Southern District of New York
- Case number
- 22-10920 (MG)
- Filed or opened
- 1 July 2022
- Organization
- Three Arrows Capital Ltd
- Current stage
- BVI liquidation recognised as a foreign main proceeding, discovery and asset location continuing.
- Outcome
- Pending. Liquidators pursuing assets and claims, including against the FTX estateS7.
Decisions and steps
Claims this case bears on
- Supported90A US bankruptcy court opinion recorded that the British Virgin Islands court ordered Three Arrows Capital into liquidation on 27 June 2022 and appointed joint liquidators, and that the US court recognised the BVI proceeding as a foreign main proceeding.Court filing, 29 December 20223 records citedCorporate status
Sources
- S3Tier A In re Three Arrows Capital, Ltd., Memorandum Opinion and Order (Case No. 22-10920)US Bankruptcy Court for the Southern District of New York (Chief Judge Martin Glenn). Court judgment. 29 December 2022.Supports the 27 June 2022 BVI liquidation, the joint liquidator appointment, the foreign main proceeding recognition and the subpoena on Kyle Davies.
- S7Tier C US court allows 3AC to expand FTX claim to $1.5 billionThe Block (Danny Park). Press report. 14 March 2025.Supports the March 2025 ruling letting 3AC expand its FTX claim to US$1.53 billion and FTX's objection. Shows the liquidation is still active.