A Delaware judge will hear a motion Tuesday seeking to transfer the Chapter 15 case filed by provisional liquidators in the Bahamas to the jurisdiction of the Delaware bankruptcy court.
Three joint provisional liquidators for Bahamas-based FTX Digital Markets argue that U.S.-based FTX Trading had no authority to file for bankruptcy, saying Digital Markets should be in charge.
A view of the penthouse balcony at The Albany in Nassau, Bahamas which belongs to Sam Bankman-Fried, Friday, Nov. 19, 2022. It wants everything decided in Delaware, arguing that having two bankruptcy courts consider related issues simply makes no sense. Simms said he doesn’t believe having the case controlled in the Bahamas will "impact" the 102 affiliates that filed for bankruptcy in the U.S., nor does he want the Chapter 11 cases dismissed.FTX Trading wants Judge Dorsey to transfer the Chapter 15 case to Delaware so both may be jointly administered.
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