Zhu Su Breaks the Silence: Three Arrows Capital to Seek Appropriate Sanctions Over Disappointing Court Filings

After a brief hiatus across social media channels, 3AC co-founder Zhu Su tweeted that their “good faith” to cooperate with liquidators of the hedge fund was “met with baiting.”

He also posted snapshots of emails sent by Advocatus Legal LLP, the Singapore-based law firm acting on behalf of the fund’s founders, which mentioned that they will take necessary steps to seek the appropriate sanctions.
The law firm asked the creditors if they mentioned in the court filings the threats of physical violence that the 3AC founders and their families were facing.
Advocatus Legal LLP also said that their clients have been working under a lot of time pressure and would not proceed with a call that was scheduled for today, given the recent turn of events.
The response comes a day after the lawyers seeking emergency provisional relief told the court that the founders of the troubled hedge fund were not cooperating.
The filing with the US Bankruptcy Court for the Southern District of New York also mentioned finding an abandoned office and a pile of old mail. They claimed to have failed to locate the founders and speculated that the duo may have fled Singapore.
The court-appointed lawyers had also asked the court to subpoena the founders and have them furnish a list of company assets such as wallets it controls, bank accounts, digital assets in its possessions, derivatives contracts, securities, and accounts receivables, and all company records.
To comply with the demands, a spreadsheet with details of the company’s assets was attached with the most recent email by Zhu’s lawyers.

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