Singapore High Court Recognizes Three Arrows Capital Liquidation Order

The Singapore High Court granted the request of Three Arrows Capital's appointed liquidator, Teneo, on Monday. This means that the court now legally recognizes the liquidation order originally filed in the British Virgin Islands. Recognition in Singapore gives Teneo the freedom to request all financial records held locally, this includes bank accounts, cryptocurrencies, stakes in companies and properties. Teneo has gained control of at least $40 million of Three Arrow Capital's assets so far, this represents a small fraction of creditor claims, which are estimated to be at least $2.8 billion, according to a 1,157-page court filing published in July.