Editors’ Note: DailyDAC makes occasional exceptions to its general policy of publishing only original content when its editors determine an article to be timely, excellent, and of great potential value to its their audience. This article, originally published by Schulte Roth & Zabel as a client alert on January 12th is such an article. We thank the firm for its permission to reprint it here.
The Court’s ruling is expressly limited to the Earn Accounts and does not determine the ownership of assets related to other types of Celsius accounts or programs, such as the Celsius Custody Program, Withhold Accounts or Borrow Program – the ownership of which was not before the Court.
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Douglas S. Mintz is a partner and co-chair of the Business Reorganization Group. His practice focuses principally on the representation of creditors in financial restructurings, including secured and unsecured lenders, ad hoc committees of noteholders, equity sponsors and distressed investors. Doug is Chambers rated for Restructuring and rated in Legal 500 for Municipal Restructurings. He…
Abbey Walsh practices in the Business Reorganization Group at the firm. She represents and advises a wide range of domestic and foreign clients, including financial creditors, companies, equity sponsors and purchasers in all aspects of Chapter 11 and 15 cases out-of-court restructurings, and U.S. insolvency laws.
Peter J. Amend practices in the Business Reorganization Group at the firm. He focuses his practice on restructuring and distressed-related matters in various capacities for asset purchasers, distressed investors and lenders, debtors, creditors, and equity owners. Upon graduation from law school, Peter clerked for the Hon. Martin Glenn, United States Bankruptcy Court for the Southern…
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