The founder of DeFiance responds to the dispute with Three Arrows Capital: DeFiance has exclusive, unrestricted control and beneficial ownership of assets

Odaily Planet Daily News DeFiance Capital founder Arthur0x issued a statement and update on the dispute with Three Arrows Capital Co., Ltd. (3AC). He said: DeFiance Capital's position is to have exclusive, unrestricted control and beneficial ownership of its assets, This is consistent with wider industry understanding and all the evidence supporting this position. Arthur0x said that after last week’s hearing, the Singapore High Court agreed with their position, recognizing that Singapore was a more appropriate jurisdiction to hear the dispute, acknowledging that the case was not “without merit” as the liquidators claimed. It is hoped that liquidators will participate in cooperation, focus on and resolve substantive issues, instead of spending more time on procedural conflicts. As previously reported, a $140 million dispute between DeFiance Capital and Three Arrows Capital (Three Arrows Capital) asset liquidator Teneo will be heard in Singapore, against the liquidator’s wishes.