According to Odaily Planet Daily, the Singapore Court of Appeal ruled against the BVI liquidator in the 3AC dispute. 3AC's BVI liquidator failed to overturn a Singapore order that allowed related parties to seek claims against the company for ownership of related funds outside the jurisdiction. In December last year, Teneo, the liquidation agency responsible for Three Arrows Capital (3AC), estimated that creditors could recover about 45.74% of the assets from the bankruptcy assets.