On 27 July 2026 an Estonian court prohibited BB Trade Estonia OÜ, the operator of the Zondacrypto exchange, from disposing of its assets without the consent of an interim trustee (ajutine pankrotihaldur), and appointed Margus Lentsius to that office. This note situates the order within the Pankrotiseadus (Estonian Bankruptcy Act) and Regulation (EU) 2015/848 and … Continue reading The Zondacrypto Insolvency in Estonia: Recognition Without Recovery