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Papaya Must Freeze US Funds Amid Israeli Case, Judge Rules
Summary by Law360
1 Articles
1 Articles
Papaya Must Freeze US Funds Amid Israeli Case, Judge Rules
A Delaware bankruptcy judge Friday agreed to grant Chapter 15 recognition of Papaya Gaming Ltd.'s insolvency proceeding in Israel but ordered the debtor to freeze funds in its U.S. bank accounts in light of an earlier, more than $70 million transfer that the judge said "clearly prejudiced" creditor Skillz Platform.
·New York, United States
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