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Someone just tweeted this (In Japanese): The creditors' meeting of Mount Gox, one and a half hours have passed since the start, but it continues today. Reporters have been waiting for about 15 people in front of the assembly hall of the fifth floor Tokyo District Court. Appearance of the inside can not be checked from the place that is waiting.
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I know video/pictures aren't allowed in the court. I'm hoping someone will tweet about it or something... I don't want to wait for a crappy update on mtgox,com
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If anyone knows of any live blogging or live updates of what is going on at the creditor meeting please let us all know!
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The public legal documents have these attorneys listed: MtGox Inc.Registered Office: 615 South DuPont Highway Dover, DE 19901 Operating Office: Cross Office Shibuya Medio 8F 11-5 shibuya 2-Chome, 150-0002 Shibuya-ku Tokyo, Japan MtGoxCo., Ltd. (a/k/a MtGox KK)John M. Murphy Baker & McKenzie LLP 300 E. Randolph Street, Suite 5000 Chicago, IL 60601 Tibanne KKEric N. Macey Richard G. Douglass Amanda M. Hinkley Novack and Macey LLP 100 N. Riverside Plaza Chicago, IL 60606 Mark KarpelesEric N. Macey Richard G. Douglass Amanda M. Hinkley Novack and Macey LLP 100 N. Riverside Plaza Chicago, IL 60606 Mt. Gox North America, Inc.10 E. 40th Street, Floor 10 New York, NY 10016 Gonzague Gay-BoucheryDaniel J. Fumagalli Michael A. Eurich Chuhak & Tecson, P.C. 30 S. Wacker Drive, Suite 2600 Chicago, IL 60606 Jed McCalebDavid J. Bradford Paul B. Rietema Jenner & Block LLP 353 North Clark Street Chicago, IL 60654 Tel: (312) 222-9350 dbradford@jenner.comprietema@jenner.comMtGox Co. Ltd. (named as Mt. Gox KK)Louis D. Peterson Joseph B. Genster Hillis Clark Martin & Peterson P.S. 1221 Second Avenue, Suite 500 Seattle, WA 98101-2925 Tod L. Gamlen Daniel G. Valles Baker & McKenzie LLP 660 Hansen Way Palo Alto, CA 94304 Tibanne Co., Ltd. (named as Tibanne KK)Mark Karpales (pro se) 11-5, Shibuya 2-chrome Shibuya-Ku Tokyo, Japan
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What does latest announcement regarding holding talks in US actually mean?
I read through the "Amended Recognition Petition", and this is what i gathered: 1. It recognizes that the main proceeding is the Japan bankruptcy proceeding. 2. It specifically gives Nobuaki Kobayashi (The duly authorized foreign representative) the right to examine witnesses, take evidence or deliver information concerning Mt Gox's assets, affairs, rights, obligations or liabilities of all of the Debtor’s assets within the territorial jurisdiction of the United States. It does not mention Sunlot or any of that stuff at all.
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Is only for US residents. http://www.txnb.uscourts.gov/Please if anyone knows how to get this document on alternative ways I would like to know it. According to the attached pdf document the copies of the Amended Recognition Petition and accompanying papers are only available to parties-in-interest on the Bankruptcy Court’s Electronic Case Filing System... :-( You have to register on this site. The is only for US residents. Anyone knows how non US residents can get this Petition?? Thanks in advance I read through the "Amended Recognition Petition" and accompanying papers. Its not too exciting: 1. It recognizes that the main proceeding is the Japan bankruptcy proceeding. 2. It specifically gives Nobuaki Kobayashi (The duly authorized foreign representative) the right to examine witnesses, take evidence or deliver information concerning Mt Gox's assets, affairs, rights, obligations or liabilities of all of the Debtor’s assets within the territorial jurisdiction of the United States. It does not mention Sunlot or any of that stuff at all.
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There's a new announcement on mtgox.com that says there is a hearing to recognize the "amended recognition petition" for bankruptcy in Texas on June 17th.
Can anybody explain what that means?
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Regarding the latest announcement on the website, it looks like they are announcing a hearing about the "Amended Recognition Petition"..? Does anybody know what this is? Does it have to do with the Sunlot agreement?
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It seems to me like this whole thing, as it relates to people who had fiat or coins in gox, comes down to:
Choice #1: Support this and get 23% of what you had, but not be able to move it out of gox for 1 year. You can get paid back for the rest of the loss over time if this exchange does well.
Choice #2: Don't support this, liquidation will happen. You will get (at current exchange rates) about 27.5% of what you had. Lawyers fees and any other debts gox had that we don't' know about could reduce the 27.5% number..
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