Category: Press & Articles

Caymanian Compass: Corporate recovery and insolvency firm KRyS Global has opened a New York office to complement KRyS Global’s offshore presence in the Cayman Islands, British Virgin Islands, Bermuda, Bahamas and Guernsey. KRyS Global USA, Inc., which opened Monday, provides a wide range of restructuring advisory and capital markets services, primarily related to complex distressed […]

Madoff Victim Fund: Update from the Special Master MVF Announces Receipt of More Than 50,000 Claims PRESS RELEASE — May 13, 2014 Richard C. Breeden, the Special Master on behalf of the U.S. Department of Justice administering the Madoff Victim Fund (“MVF”), today announced preliminary results for the first stage of the MVF claim process. […]

KRyS Global, a firm dedicated to fraud investigation, dispute resolution and corporate recovery, is expanding its reach into the U.S. Market with the launch of a New York office on Monday 12th May 2014. KRyS Global USA, inc. will provide a wide range of restructuring advisory and capital markets services, primarily related to complex distressed […]

BVI Beacon: The decision from the territory’s highest court may severely reduce the amount of funds that fraud victims recover. The insolvency firm KRyS Global, which has a VI office, is the liquidator of three VI-registered feeder funds: Fairfield Sentry, Fairfield Sigma and Fairfield Lambda. The funds’ investors lost an estimated $6-$7 billion, according to […]

16 April 2014 Fairfield Sentry Limited (in Liquidation) (Appellant) v Alfredo Migani and others (Respondent) [2014] UKPC 9 On appeal from the Court of Appeal of the British Virgin Islands JUSTICES: Lord Neuberger (President), Lord Mance, Lord Clarke, Lord Sumption, Lord Toulson BACKGROUND TO THE APPEAL Bernard Madoff and his company BLMIS operated what was […]

INSOL Q1 2014: By Margot MacInnis, Managing Director, Cayman Islands Building a business, and making it successful and profitable takes a lot of energy and time, and any owner will tell you, it isn’t easy, but it’s rewarding.   At some point in the business lifecycle, the owner will be  looking for the exit, whether the […]

INSOL World Q1 2014, By Tim Le Cornu and Andrea Harris: It is common practice in the People’s Republic of China (“PRC”) for companies to be part of a structure headed by an offshore holding company.  This practice provides, amongst other things, access to foreign capital via debt or equity markets outside of the PRC. […]

Bahamas Tribune:  KRyS Global, the insolvency and forensic accounting specialist, has added Michael Schulz to its Bahamas office. Prior to joining KRyS Global, Mr Schulz worked in the advisory department of a ‘Big Four’ accounting firm in Germany, the Cayman Islands and the Channel Islands. His career began as a turnaround consultant, advising investors and […]

INSOL World Q1 2014 By Timothy Le Cornu Chair, Association of Restructuring and Insolvency Experts (“ARIES”) KRyS Global, Guernsey The Association of Restructuring and Insolvency Experts (“ARIES”) was formed in the Channel Islands in September 2013 as a professional body for those practising, or interested in, restructuring and insolvency. ARIES membership of INSOL International was […]

Tribune 242: The joint liquidators for Owen Bethel’s insolvent Montaque Capital Partners currently possess just $196,238 in liquid assets to cover total creditor claims of $17.5 million, it has been revealed. The third report to the Supreme Court by accountants Ed Rahming and Kenneth Krys, of the KRyS Global accounting firm, discloses that $1.542 million […]