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Three Arrows Founders Have One Week to Provide Key Financial Documents: Singapore Court

The High Court of the Republic of Singapore has ordered Three Arrows Capital and its co-founders to submit affidavits outlining their dealings with the company.

The Singapore high court officially recognized the liquidation order filed in the British Virgin Islands, meaning that Teneo, the court-appointed liquidator, can request Singapore financial records for the company and its co-founders.

The Singapore court order, submitted on Wednesday, comes a week after an attempt to obtain documents went unanswered by Solitaire, one of the Singapore-based law firms representing Three Arrows Capital, also known as 3AC.

“This is a curious position given your previous correspondence wherein your client volunteered to provide information to our clients on a rolling basis (without specifying what such information would be),” WongPartnership law firm wrote in the letter to Solitaire, demanding that they produce documents by November 23.

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