Response to Subpoenas Via Twitter Deemed Sufficient by Bankruptcy Court: Founder of Sanjian Capital Given Two Weeks to Respond

03/31/2023 20:18 • Daily Digest • 86 views

According to reports, according to a ruling by the United States bankruptcy court, Kyle Davies, founder of Sanjian Capital (3AC), has two weeks to respond to subpoenas related to the books and records of bankrupt hedge funds. The court has determined that serving the summons through Twitter “meets the requirements and due process.”. It is reported that Davies and Zhu Su were ordered to appear in court in the British Virgin Islands on May 22. The court said this week that if they do not respond to this request, they will be sentenced to contempt of court.

Kyle Davies, a joint venture of three arrows, was ordered to respond to the subpoena within two weeks

As per reports, the United States bankruptcy court has issued subpoenas for Kyle Davies, founder of Sanjian Capital (3AC), to produce the books and records of the bankrupt hedge funds. Davies has been given a deadline of two weeks to respond to the subpoenas or risk facing contempt of court.

The Use of Twitter to Serve Summons Deemed Valid

In an unprecedented move, the court has deemed serving the summons through Twitter as legitimate. The court found that this method satisfied the requirements and due process. It is noteworthy that this decision sets an important precedent for legal proceedings in the future since it expands the options for serving subpoenas.

Orders to Appear in Court in the British Virgin Islands on May 22

The court has also ordered Davies and Zhu Su to appear in court in the British Virgin Islands on May 22 in connection with the bankrupt hedge funds. Failure to show up may result in further legal action against both parties.

The Implications

This ruling by the bankruptcy court will significantly impact the future of the legal system. The use of social media to serve subpoenas will help expedite legal proceedings and expand the ways in which legal documents can be served. Moreover, this ruling may also deter individuals from delaying legal proceedings by not responding to subpoenas.

FAQ

#1. How will social media help expedite legal proceedings?

Social media is ubiquitous these days, and serving subpoenas, legal notices, or summons via Twitter or other social media platforms will ensure a wider audience is reached quickly, and the recipient can respond to the communication faster as well.

#2. What happens when a subpoena is ignored?

When a subpoena is ignored, the person who ignored it will be held in contempt of court. This may result in the imposition of fines or even jail time.

#3. What does this ruling imply for attorneys?

This ruling implies that attorneys must keep up with the changing world, including social media platforms, and adapt their strategies accordingly to remain relevant and effective.

Conclusion

The US Bankruptcy Court’s decision to allow the service of subpoenas via Twitter is a significant milestone in the legal community. It expands the horizon of how subpoenas can be served and is likely to expedite legal procedures. The order for Kyle Davies and Zhu Su to appear in court may serve as a cautionary tale for others who try to dodge legal procedures.

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