QuadrigaCX, the embattled Canadian cryptocurrency exchange, has obtained an extension to the court-ordered investor protection until April 23. Meanwhile, Jennifer Robertson, widow of founder Gerald Cotton, is requesting reimbursement of money spent on legal fees.
Court Approves Appointment of Restructuring Officer
According to Bloomberg, Justice Michael Wood of the Nova Scotia Supreme Court on Tuesday (March 5, 2019) approved the appointment of Peter Wedlake as the chief restructuring officer of QuadrigaCX. The Court also extended the investor protection order granted to the company until April 23, 2019.
Wedlake is a partner and senior vice president at Grant Thornton. At the back end of February 2019, Robertson, along with stepfather Tom Beazley, submitted an affidavit to the Court asking for Wedlake’s appointment. According to Robertson, a lack of experience in matters relating to insolvency and the public scrutiny attached to the proceedings were the reason for the request.
This new date means there will be a further…