Animoca Brands has obtained a Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Assets Regulatory Authority (VARA), clearing the way for the Web3 investment giant to offer broker-dealer and asset management services to institutional and qualified investors in and from the emirate, Decrypt.com reported.
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The Court of Arbitration of the International Chamber of Commerce (ICC) has ruled in favour of one of the most important creditors in the Signa bankruptcy case, the Luxembourg Times reported. The ICC awarded sovereign wealth fund Mubadala from the United Arab Emirates around €700 million for breach of financing agreements, according to the creditor protection association Creditreform. The arbitration tribunal is a non-governmental body for commercial and investment disputes.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
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XTL Biopharmaceuticals Ltd. reported on Friday that its wholly owned subsidiary, The Social Proxy Ltd., has filed a formal application for insolvency proceedings with an Israeli court, Investing.com reported. The announcement was made in a press release statement included in a filing with the U.S. Securities and Exchange Commission. The company stated that the application for an "Order for the Opening of Proceedings" was submitted in accordance with the Israeli Insolvency and Economic Rehabilitation Law, 2018.
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