Recovering a DFA debt: a court claim and the issuer's bankruptcy in parallel
Protecting a DFA holder's rights in two parallel court proceedings: a debt-recovery claim and a bankruptcy case.
The client faced non-performance by the DFA issuer, requiring prompt court intervention to fix the debt before full-scale bankruptcy proceedings were opened against the debtor.
The digital financial asset issuer acknowledged the default and refused to satisfy the creditor's demands.
We exported, analyzed and organized the material from the DFA operator's information system. We prepared and filed the claim, and separately analyzed the procedural consequences of the debtor's bankruptcy case being opened.
Comprehensive court representation for the client is under way across the related proceedings.
This is one of the first cases recovering debt on a DFA issuer's default, directly shaping the case law protecting investors' rights in this new segment of the digital economy.
DFA issuer defaults; using information-system data as evidence; parallel protection of a creditor before a court of general jurisdiction and a commercial (arbitrazh) court.
