Tag: Insolvency
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Re FTX Australia Pty Ltd (admin apptd) and FTX Express Pty Ltd (admin apptd)
What’s the case about? How voluntary administrators should treat customers of Australian companies involved in a global cryptocurrency trading platform for the purposes of the administration. Background In Re FTX Australia Pty Ltd (admin apptd) and FTX Express Pty Ltd (admin apptd) – Judicial Directions Application [2023] VSC 788, Her…
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Re Gatecoin Limited (in liquidation)
What’s the case about? Is cryptocurrency “property” under Hong Kong law? Background In the 2023 decision of Re Gatecoin Limited (in liquidation) [2023] HKCFI 914, the Court of First Instance (Hong Kong) found that cryptocurrency is “property” in Hong Kong. The liquidators of Gatecoin Limited (Gatecoin), which operated a cryptocurrency…