The crypto hedge fund, Three Arrows Capital’s (3AC) creditors’ first meeting is going to be held on July 18, according to three sources linked to the matter.
The meeting will be organized by a court-appointed liquidator for 3AC, Teneo, which is a financial advisory firm.
On top of Teneo, another law firm Ogier has been appointed to guide and advise Teneo. Ogier is the main joint liquidator with Russell Crumpler and Christopher Farmer of Teneo (BVI) Limited has also revealed the date for the meeting last week.
On June 27, 3AC was placed in liquidation after following the order of the Eastern Caribbean Supreme Court in the British Virgin Islands’ High Court of Justice. Three Arrows Capital filed for Chapter 15 bankruptcy on July 1.
Teneo has developed an official website dedicated to creditors to update them as well as pass every message to the public. Every minute detail of the first meeting will be shared through this website.
However, the agenda which is going to be discussed in the meeting is not clear yet. However, one source revealed that Teneo could form a creditor board representing creditors of 3AC.
Also, it is still not confirmed whether the meeting is going to live-stream publicly or not.