[FTX Recovery Trust Withdraws Motion for 'Restricted Jurisdiction Procedures'] On November 3, the FTX Recovery Trust officially withdrew a previously submitted motion from the Delaware Bankruptcy Court. The motion aimed to implement 'restricted procedures' in certain foreign jurisdictions to facilitate the execution of the restructuring plan. During a hearing on October 23, the court raised objections to the motion, ultimately leading to its unconditional withdrawal. This decision is seen as a phased victory for affected creditors in their fight for rights. If the related procedures are to be restarted in the future, the FTX Recovery Trust will need to resubmit the motion and fulfill the notification process. (UTC+8)
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