Singapore Court dismisses 3AC BVI liquidator's motion to oppose extrajurisdictional claims

Singapore's Court of Appeal rules against BVI liquidators in 3AC dispute. It is reported that 3AC's BVI liquidators failed to overturn a Singapore order that allowed related parties to seek claims against the company for ownership of related funds outside the jurisdiction. (GRR) In December last year, Teneo, the liquidation agency responsible for Three Arrows Capital (3AC), estimated that creditors could recover about 45.74% of the assets from the bankruptcy assets.