The expected timeline is at least 6 months due to the significant amount of work needed to develop a restructuring plan with the relevant stakeholders and have it fairly assessed and voted on by creditors, followed by a sanction by the Court (which is subject to statutory timelines and Court timetables).
Articles in this section
- What is a Trust Arrangement?
- What is an Unsecured Claim?
- How the Restructuring works?
- What if a Restructuring Fails?
- What happens if the moratorium is not granted?
- Do all 4.28M of the unsecured contingent creditors need to vote in the scheme voting process?
- Why is there a discrepancy between the BTC holdings stated in the affidavit and those held in the wallets?
- What is the rationale behind the moratorium application to the High Court of Singapore, and what specific relief is being sought?
- Will Zettai prioritize a few creditors over the others?
- Why should users bear the legal costs associated with the cyberattack and restructuring process?