A cooperative of Mt. Gox Bitcoin creditors
Bitcoin Builder has engaged a lawyer that is looking at establishing a Creditors Committee. This is a committee that can to some limited degree call the Trustee to account. They cannot dictate terms, but they can make their feelings clear to him, and suggest actions, and if necessary call him to the Tokyo court to…
Keep in mind that not all creditors have the same motivations. Fiat creditors are unaffected by the fluctuating BTC price, as long as it stays above a level which gives them a 100% payout. Their motivation more than anything, I assume, is to get this resolved quickly. I understand that some BTC creditors that took…
Here are my notes from the legal approaches suggested by members of the google group [email protected] which I will raise with our lawyer. They are in no particular order. Bringing Mt Gox out of insolvency and into a Trust owned by creditors, either through legal action or purchasing. The validity of accepting a valuation of claims,…
Lawyer I’ve contacted four lawyers in Japan, and narrowed the selection to one. I’m in negotiations with Mugi Sekido, a respected Japanese bankruptcy lawyer at MHM Japan. It’s one of the big four Japanese law firms. You can see the email exchange I’ve had with him at the google group [email protected], in an email entitled…