Singapore HC Rejects WazirX Restructuring Plan

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SUMMARY

The company said that it is evaluating all available legal options to appeal the decision

A report suggested that the court’s decision was prompted by WazirX’s failure to disclose details about its Panama-based entity during the restructuring process

WazirX has incorporated Zensui Corporation in Panama to continue its crypto operations without requiring a Singapore licence

WazirX took a major hit after the Singapore High Court rejected a proposed restructuring plan…



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Singapore HC Rejects WazirX Restructuring Plan


SUMMARY

The company said that it is evaluating all available legal options to appeal the decision

A report suggested that the court’s decision was prompted by WazirX’s failure to disclose details about its Panama-based entity during the restructuring process

WazirX has incorporated Zensui Corporation in Panama to continue its crypto operations without requiring a Singapore licence

WazirX took a major hit after the Singapore High Court rejected a proposed restructuring plan…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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