Lawyers expect the FTX collapse to fuel bankruptcy, regulation and litigation work. Photo: Benjamin Girette/Bloomberg Sullivan & Cromwell Handling FTX Bankruptcy Is Just the Tip of the Iceberg
"Whether it be a federal criminal forum, whether it be the bankruptcy forum, whether it be the regulatory forum, there's going to be a lot of lawyers involved in this no question about it," said Robert Shimberg, a shareholder at Hill Ward Henderson.
November 15, 2022 at 06:53 PM
4 minute read
Restructuring specialists are already in demand following the implosion of cryptocurrency trading platform FTX, with Sullivan & Cromwell attorneys entering an appearance for the company in Delaware Bankruptcy Court on Monday. But the platform's registration in the Bahamas, combined with its global user base, will also keep litigators with international credentials busy as enforcement agencies in multiple jurisdictions investigate how the collapse unfolded.
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