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Vesttoo seeks Ch. 11 protections amid fraud allegations

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Published on: 15 August 2023
Published by a Law360 reporter

Article summary

Law360: Embroiled Israeli fintech company Vesttoo Ltd on 14 August 2023 said it launched Chapter 11 bankruptcy proceedings in Delaware, an announcement made after Aon plc subsidiary White Rock urged a New York federal judge to freeze the startup's assets while White Rock pursues arbitration over an 'apparent large-scale fraud scheme surrounding letters of credit'.

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