About a week after FTX and a number of its subsidiaries filed for bankruptcy in the United States, the company has moved for an order for a “worldwide automatic stay”. The relevant documents were submitted on November 17, 2022 at the Delaware Bankruptcy Court. FTX Trading Ltd. and its affiliated debtors and debtors-in-possession seek the entry of an order enforcing and restating the worldwide automatic stay, ipso facto and antidiscrimination provisions under the Bankruptcy Code. FTX says that it has many foreign creditors, contract counterparties and other parties-in-interest in countries who may not be well versed ... (full story)