There’s an old joke in finance: when companies fight, lawyers win. And right now in crypto, lots of companies are fighting - some for their corporate lives. Kirkland + Ellis, one of the biggest law firms in the world by revenue, has emerged as a major player in crypto. Earlier this month, the firm signed on to work on the bankruptcy filings for both Celsius Network and Voyager Digital. There's relatively little case law that addresses how crypto assets - and their holders - should be treated in bankruptcy. That means that any legal precedents set could shape the future of crypto lending and determine how distressed crypto companies pay back creditors.
Joining this episode is Bloomberg reporter Jeremy Hill on how Kirkland & Ellis are tackling crypto bankruptcies.
