In a groundbreaking legal victory, Akin successfully secured approval from the U.S. Bankruptcy Court for the Southern District of New York to serve legal notices via non-fungible tokens (NFTs). This decision, delivered by Chief Judge Martin Glenn in the case In re Celsius Network LLC, No. 22-10964
In a recent South Australian legal case, the contrasting levels of credibility between lawyers and an accountancy professional were brought sharply into focus. The judge, tasked with assessing the credibility of the testimonies provided, found the lawyers' statements to be only satisfactory at
In a significant development in the FTX bankruptcy case, the cryptocurrency exchange reached a $228 million settlement with Bybit, detailed in an Oct. 24 court filing. The settlement emerges from a lawsuit initiated by FTX in 2023 to recover funds for its creditors and former customers. It
The resolution of a prolonged legal clash between the bankrupt crypto exchange FTX and Bybit has culminated in a $228 million settlement, bringing an end to a year-long battle that has captivated the cryptocurrency community. Initially, FTX sought a staggering $953 million, alleging that Bybit’s i
Directors and Officers (D&O) insurance policies are not merely an added benefit for corporate leaders; they are an indispensable tool that shields these individuals from personal liability arising from the decisions they make in their professional roles. However, the utility of these policies
When a customer files for bankruptcy, creditors often face daunting challenges in recovering what they’re owed. The automatic stay imposed by the Bankruptcy Code immediately halts collection efforts, effectively putting creditors at the back of a long line of claimants. However, for those who p
