According to a February 22 ruling by the Bankruptcy Court for the Southern District of New York, foreign banks with a U.S. branch or agency are ineligible for Chapter 15 recognition. The case before Chief Judge Glenn, In re...more
Recent decisions permitting service of documents via social media and blockchain technology illustrate how the courts are fashioning solutions to address the unique and logistical challenges of identifying and serving...more
1/26/2023
/ Bankruptcy Court ,
Blockchain ,
Chapter 15 ,
Commercial Bankruptcy ,
CPLR ,
Cryptocurrency ,
Digital Wallets ,
Foreign Nationals ,
Popular ,
Rule 45 ,
Service of Process ,
Social Media ,
Subpoenas
All crypto Celsius Network, LLC customers expecting and relying on anonymity should be concerned that their crypto transactions may become public. Recently, the Bankruptcy Court in the Celsius Network LLC chapter 11 case...more
11/21/2022
/ Bankruptcy Code ,
Bankruptcy Court ,
Blockchain ,
Chapter 11 ,
Commercial Bankruptcy ,
Cryptocurrency ,
Customer Information ,
Data Privacy ,
Digital Wallets ,
Financial Transactions ,
General Data Protection Regulation (GDPR) ,
Investment ,
Jurisdiction