Court adds three new cases

Court adds three new cases

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The Supreme Court on Friday evening added three new cases to its docket for the 2024-25 term. The cases, which involve issues ranging from the constitutionality of appointments to an HHS task force to student loan forgiveness and mootness in tax cases, are likely to be among the final cases argued during the current term.

In Becerra v. Braidwood Management, the justices agreed to take up a challenge to the structure of the U.S. Preventive Services Task Force, a … Read the rest

Three Arrows Capital Co-Founder Avoids Contempt and Sanctions in United States, But Bankruptcy Court Previews Worldwide Enforcement Options

On June 27, 2022, Three Arrows Capital (“3AC”), a crypto hedge fund, commenced liquidation proceedings in the British Virgin Islands and thereafter filed recognition proceedings in, among other countries, the United States and Singapore.  As we discussed earlier this year, on December 2, 2022, the bankruptcy court presiding over 3AC’s chapter 15 proceeding pending in the Southern District of New York held that the 3AC joint liquidators (the “JLs”) could serve a subpoena (the “U.S. Subpoena”) upon a 3AC cofounder, … Read the rest