Liquidators of Three Arrows Capital Ltd obtain court approval for US$100 million interim distribution

On 28 March 2024, the BVI Court granted the Joint Liquidators of Three Arrows Capital Ltd (in liquidation) ("3AC") sanction to make an interim distribution of up to US$100 million of 3AC's assets to its creditors in BVIHC(COM)2022/0119 Russell Crumpler and Christopher Farmer (as Joint Liquidators of Three Arrows Capital Ltd (in Liquidation)) v Three Arrows Capital Ltd (in Liquidation).

Filed under:
British Virgin Islands, Insolvency & Restructuring, Litigation, Ogier, Cryptocurrency
Authors:
Nicholas Brookes , Romauld Johnson , Daniel Burkitt
Location:
British Virgin Islands
Firm:
Ogier