FTX Europe AG, the holding company of FTX’s European business, filed a petition for a Swiss moratorium proceeding, which the court granted on Tuesday, according to the announcement. A moratorium proceeding, under Swiss law, enables debt restructuring or the preservation of assets for a limited time.
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- Source: https://www.coindesk.com/policy/2023/04/12/ftx-free-to-explore-sale-of-europe-arm-swiss-court-decides/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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