Court Hearings and Interviews Podcast

For more information about the bankruptcy cases see https://cases.stretto.com/SVM/(Bankruptcy Case Numbers and Bankruptcy Debtor Names):26-10966Searles Valley Minerals Inc.26-10967Trona Railway Company LLC26-10968Searles Domestic Water Company LLCCenter of Main Interests is a reader-supported publication. Subscribe to receive new posts and support my work. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

hearing on emergency motion to stay pending appealCenter of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

discussing QVC's bank accounts including the QVC Chinese bank account(s)Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

The Searles Valley Minerals bankruptcy petition lists, as equity security holders of the debtors, Karnavati Holdings, Inc. and Searles Valley Minerals Inc. The Delaware bankruptcy court hearing was an abnormal bankruptcy hearing held the day a bankruptcy was filed in Delaware, during a trial in California, before the “first day” hearing in the bankruptcy in Delaware scheduled for tomorrow. The Delaware bankruptcy judge seemed concerned about what’s going on (in a way that reminded me of the movie Chinatown) and explained he might communicate with the trial judge in California.Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Docket #3223Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

This is a very interesting hearing, and is available on the bankruptcy court's docket. I am streaming it to make the audio more accessible to the hearing impaired and people domestically and internationally who cannot readily access this publicly available information.Sorry for the volume issues. The volume is low on the court audio. (It's ok on desktop with headphones.)The hearing opens with the defense counsel (the Binance side) trying to get the bankruptcy "clawback" claims decided via Hong Kong (China) arbitration panel as opposed to by the US bankruptcy court. In the US, if the arbitration clause isn't enforced then the litigation against the defense/Binance side would typically be decided without a jury, by a US bankruptcy judge, even though the challenged transfers were allegedly foreign company to foreign company transfers.As such the hearing is a reminder of the many good years FTX had in Hong Kong during its successful period, and the Chinese investment money in and out of FTX, a group of companies that include Alameda entities and many offshore registered companies that are typically depicted as a single American FTX company by association with the Americans among the former FTX executives.Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

This audio recording and other filings in the bankruptcy proceedings are available here: https://www.veritaglobal.net/dolphinco/document/list/6300Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

This is a very interesting hearing, and is available on the bankruptcy court's docket. I am streaming it to make the audio more accessible to the hearing impaired and people domestically and internationally who cannot readily access this publicly available information.Sorry for the volume issues. The volume is low on the court audio. (It's ok on desktop with headphones.)The hearing opens with the defense counsel (the Binance side) trying to get the bankruptcy "clawback" claims decided via Hong Kong (China) arbitration panel as opposed to by the US bankruptcy court. In the US, if the arbitration clause isn't enforced then the litigation against the defense/Binance side would typically be decided without a jury, by a US bankruptcy judge, even though the challenged transfers were allegedly foreign company to foreign company transfers.As such the hearing is a reminder of the many good years FTX had in Hong Kong during its successful period, and the Chinese investment money in and out of FTX, a group of companies that include Alameda entities and many offshore registered companies that are typically depicted as a single American FTX company by association with the Americans among the former FTX executives.Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

What do you make of today’s hearing? To me it sounds like a court battle is planned in the QVC bankruptcy, in which investors of the sort sometimes referred to as “vulture investors” - that allegedly bought stakes in QVC when it was already financially distressed - will put on evidence towards trying to propose a different plan for QVC to exit bankruptcy under which they are paid more than the smooth sail in and out of bankruptcy the company lawyers would have preferred.This kind of contentious litigation may be concerning to QVC suppliers, insurers and other interested parties - at a minimum because it is costly and preparation for hearings such as the upcoming distracts bankrupt companies’ management. Maybe that is why the planning hearing is so vague as to what is going on, avoiding references to QVC or the Home Shopping Network? I don’t know. This hearing seemed exceptionally vague. And I thought I heard a reference to an objection deadline of tomorrow but I am not sure. I think things may be possibly be moving too quickly for there to be time for parties to come forward and be heard in the case, but it’s hard to say when what is going on isn’t clear. More information about the QVC bankruptcy is available here including points of contact if people have questions about what is going on in the bankruptcy and deadlines: https://restructuring.ra.kroll.com/QVC/Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

This is a very interesting hearing, and is available on the bankruptcy court's docket. I am streaming it to make the audio more accessible to the hearing impaired and people domestically and internationally who cannot readily access this publicly available information.Sorry for the volume issues. The volume is low on the court audio. (It's ok on desktop with headphones.)The hearing opens with the defense counsel (the Binance side) trying to get the bankruptcy "clawback" claims decided via Hong Kong (China) arbitration panel as opposed to by the US bankruptcy court. In the US, if the arbitration clause isn't enforced then the litigation against the defense/Binance side would typically be decided without a jury, by a US bankruptcy judge, even though the challenged transfers were allegedly foreign company to foreign company transfers.As such the hearing is a reminder of the many good years FTX had in Hong Kong during its successful period, and the Chinese investment money in and out of FTX, a group of companies that include Alameda entities and many offshore registered companies that are typically depicted as a single American FTX company by association with the Americans among the former FTX executives.Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

I love listening to this Judge presiding over cases. His honor is well humored and very patient. I am curious to know what people listening to the hearing make of it. Are you worried about how QVC Group will fare in this bankruptcy, which was supposed to be a quick process to shave off some debt, and is not going as smoothly as hoped/promised?Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

I love listening to this Judge presiding over cases. His honor is well humored and very patient. I am curious to know what people listening to the hearing make of it. Are you worried about how QVC Group will fare in this bankruptcy, which was supposed to be a quick process to shave off some debt, and is not going as smoothly as hoped/promised?Center of Main Interests is a reader-supported publication. To receive new posts and support my work, please subscribe. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe

Center of Main Interests is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Center of Main Interests at tallymindywiener.substack.com/subscribe