Who are Su Zhu & Kyle Davies?

Su Zhu & Kyle Davies were reportedly detained by police in Dubai while boarding a private jet to Switzerland. The now insolvent Three Arrows Capital has $3.5B of debt according to affidavits. The 3AC founders filed a $30M claim against their own company while on the run.

Is 3AC insolvent?

The now insolvent Three Arrows Capital has $3.5B of debt according to affidavits. The 3AC founders filed a $30M claim against their own company while on the run. 3AC founders Su Zhu and Kyle Davis have just been detained at an airport in Dubai, while trying to board a private jet to Switzerland.

Where are Davies & Zhu from three arrows capital?

According to court liquidation papers, Davies and Zhu have not been cooperating in the liquidation process of Three Arrows Capital, and their whereabouts was unknown as of 8 July 2022. Three Arrows Capital owes 27 creditors a total of US$3.5 billion.

Are Zhu & Davies regulated under the SFA?

“Under the [prohibition orders], which took effect [on] 13 September 2023, Mr. Zhu and Mr. Davies will be prohibited from performing any regulated activity and from taking part in the management of, acting as a director of or becoming a substantial shareholder, of any capital market services firm under the SFA.”