{"id":20537,"date":"2023-08-01T21:19:27","date_gmt":"2023-08-01T21:19:27","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/3ac-co-founder-rejects-jurisdiction-of-bankruptcy-court-claiming-he-renounced-us-citizenship\/"},"modified":"2023-08-01T21:19:29","modified_gmt":"2023-08-01T21:19:29","slug":"3ac-co-founder-rejects-jurisdiction-of-bankruptcy-court-claiming-he-renounced-us-citizenship","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/3ac-co-founder-rejects-jurisdiction-of-bankruptcy-court-claiming-he-renounced-us-citizenship\/","title":{"rendered":"3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship"},"content":{"rendered":"
Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.<\/p>\n
In an Aug. 1 filing with U.S. Bankruptcy Court for the Southern District of New York, Davies provided notarized and Apostilled copies of the form applying for the renunciation of his U.S. citizenship on Dec. 15, 2020. He claimed to have received citizenship to Singapore following the issuance of a passport in January 2021 and was not \u201csubjecting [him]self to, or accepting the jurisdiction of, the Courts in the United States.\u201d<\/p>\n
Court filings showed Davies renounced his citizenship at the U.S. Embassy in Singapore, citing his decision to live in the country long-term. He said he got married in 2017 to a Singaporean national, gained permanent residency, and has two children in the country. As Singapore does not allow dual nationality, he chose to renounce his U.S. citizenship.<\/p>\n