intercompany transactions

  • Creditors apply to the court to restrict Genesis from conducting intercompany transactions

    It is reported that according to a court document released on February 20, the unsecured creditor of Genesis raised an objection to the company’s request to continue the intercompany transaction. They believe that the request of Genesis has caused the concern of the creditor committee, because the intercompany transaction of Genesis has been investigated before, and no relevant information such as the address of the encrypted wallet has been provided so far, so they hope that the court will prohibit the company from conducting all intercompany transactions and require it…

    02/21/2023
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