3AC liquidators file movement to carry Kyle Davies in contempt

Three Arrows Capital (3AC) co-founder Kyle Davies ought to be held in contempt of courtroom for ignoring a subpoena linked to chapter proceedings, June 14 courtroom filings from 3AC’s liquidators present. In response to the creditor’s authorized crew, Davies is purposely delaying asset restoration from the previous crypto hedge fund.

The civil sanctions in opposition to Davies for his contempt embody an award of attorneys’ charges and a $10,000 day by day high quality till he’s in compliance. The movement doesn’t apply to Su Zhu, the man co-founder of the bankrupt hedge fund. Attributable to his Singaporean citizenship, Zhu isn’t topic to the jurisdiction of america courts, Cointelegraph realized from Teneo, the agency serving as liquidator within the case.

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