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It was just last week that we discussed here a very interesting Chapter 15 that had been filed by Sullivan & Cromwell involving more of an enforcement strategy to recover billions of dollars in bitcoin bought with money said to have been scammed out of people in the US and Europe by an alleged criminal empire from Southeast Asia.
There wasn’t much debt for investors or immediate relevance to other restructuring professionals at that point more than a fascinating way our bankruptcy courts could be involved in complicated cross-border restructurings.
So it wasn’t going to be a case where we wrote up every letter or docket item. That’s what AI is for! We internally (as can 9fin subscribers) set up AI summary alerts for the odd item that would find its way on the docket, and among the first things we noticed was the following:
Source: 9fin
One of 9fin’s legal team (actual human beings with law degrees and years of experience in big law that no AI has ever suffered through) picked it up and wrote a thoughtful analysis published on 20 April. The 9finarticle was the first to break news of this snafu, while...
