To anyone concerned
Mark Marie Robert Karpeles
Representative Director
MtGox Co., Ltd.
11-5, Shibuya 2-chome, Shibuya-ku, Tokyo
Information regarding the dismissal of the application for commencement of a civil rehabilitation
procedure and the order for provisional administration
MtGox Co., Ltd. applied on February 28, 2014 for commencement of a civil
rehabilitation procedure at the Tokyo District Court (Tokyo District Court 2014 (rehabilitation) no.
12, the "Civil Rehabilitation Procedure"). During the following 1 month and a half, an investigation
has proceeded with regard to the past factual elements related to the disappearance of bitcoins and
missing funds which were the cause of said application, but it is expected that said investigation
will still require some time and at this time, there are no prospects for the restart of the business.
Further, MtGox Co., Ltd. is continuing the negotiations with sponsor candidates but the concrete
selection process has not yet started.
Taking into account this situation and the fact that the drafting of a rehabilitation plan and
its adoption or approval appear difficult, after consultation with the Court and the Supervisor on the
continuation of the procedure, the Tokyo District Court decided today to dismiss the application for
commencement of a civil rehabilitation and at the same time, an order for Provisional
Administration was issued and Attorney-at-law Nobuaki Kobayashi (Supervisor and Examiner
under the Civil Rehabilitation Procedure) was appointed Provisional Administrator. With regard to
the provisional administration order, please refer to the "Announcement of the Order for
Provisional Administration, etc." prepared by the Provisional Administrator and published on
MtGox Co., Ltd.'s website (https://www.mtgox.com).
The dismissal of the application for commencement of a civil rehabilitation procedure
will create great inconvenience and concerns to our creditors for which we apologize.MtGox Co., Ltd. intends to fully cooperate with the Provisional Administrator including
by handing over to the Provisional Administrator current negotiations with sponsor candidates to
maximize the distribution to all creditors following a transfer of the business to a sponsor.
Dazu gibt es noch ein Dokument mit FAQs, das ist aber zu lang zum quoten.