Chancery Orders Stymied Blockchain Loan JV Dissolved

By Jeff Montgomery (August 16, 2021, 1:08 PM EDT) -- A once-promising joint venture formed to shake up the secondary market for syndicated loans using blockchain technology must be dissolved, Delaware's Chancery Court has ruled.

In a 129-page decision released Friday, Vice Chancellor J. Travis Laster also found that Inc. is due "in the vicinity of $70 million" from its late 2016 deal with Ipreo BLTS LLC to form Synaps Loans LLC, based on post-deal actions by Ipreo that undermined the joint venture's business before it got off the ground.

The ruling, which followed a five-day trial, found that Ipreo's acquisition by IHS Markit Ltd., which dominated the business that joint...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!