NEW YORK, Jan 25 (Bernama-BUSINESS WIRE) — Genesis Global Holdco, LLC (“Genesis” “GGH” or the “company”) today announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York (the “court”) for all the first day motions related to its Chapter 11 filed on January 19, 2023.
As previously announced, the Chapter 11 filing includes GGH and two of its lending business subsidiaries, Genesis Global Capital, LLC (“GGC”) and Genesis Asia Pacific Pte. Ltd. (“GAP”). Genesis’s other subsidiaries involved in the derivatives and spot trading and custody businesses and Genesis Global Trading are not included in the filing and continue client trading operations.
