Category: Press & Articles

Round Table Discussion with Margot MacInnis, Rolf Lindsay & Nicoela McCoy Published in: Acquisition International – The Cayman Islands is demonstrating its commitment to the future by creating long-lasting partnerships and adhering to new international standards in regulation and transparency. With the OECD setting new global standards, the region is not alone in terms of adapting to change, […]

HIGGS & JOHNSON Cross-Border Insolvency In The Cayman Islands: Picard -V- Primeo Article by John Harris and Stephen Robins A recent decision of the Grand Court of the Cayman Islands offers helpful guidance in respect of the remedies open to an office-holder appointed in respect of an insolvent foreign company who wishes to bring insolvency […]

Austin, TX — The Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization and leading provider of anti-fraud training and education, is pleased to award Andrea Harris, of Guernsey, Channel Islands, the globally preferred Certified Fraud Examiner (CFE) credential. In order to become a CFE, Andrea has met a stringent set of criteria […]

Law360, New York — The special master in the Refco Inc. securities fraud multidistrict litigation said Sunday that Mayer Brown LLP and Grant Thornton LLP should remain on the hook for aiding and abetting claims because there were enough factual questions that could be considered by a jury at trial. The firms are part of the […]

By Diane Davis The U.S. Court of Appeals for the Second Circuit April 16 held that a debtor’s center of main interests (COMI) is determined as of the time of filing of a Chapter 15 bankruptcy petition, and a court may consider the time period between the initiation of the foreign liquidation proceeding and the […]

New York – – The United States Court of Appeals for the Second Circuit today affirmed a decision in favor of Brown Rudnick client Kenneth Krys of KRyS Global, the Liquidator of Fairfield Sentry Limited (in liquidation) (“Fairfield Sentry”), that recognized Fairfield Sentry’s liquidation proceeding in the British Virgin Islands (“BVI”) as a “foreign main proceeding” […]

Guernsey Press–An agreement between two companies to produce books on Ferrari and Glasgow Celtic Football Club ended with one of them being compulsorily wound up. Timothe Le Cornu and Andrea Harris, of Krys Global, were appointed joint liquidators for Kraken Sports & Media Ltd. at a sitting of the Ordinary Division of the Royal Court. […]

By: Penny Cassell Published in: Lawyer Monthly The increase in high-profile corruption and fraud cases since the financial collapse has led the role of the forensic accountant to become more prominent in the public eye. With more and more companies finding themselves involved in legal action, the demand for forensic accountants has never been higher. […]

Bloomberg – A U.S. judge said he will approve an $80.3 million settlement between Fairfield Greenwich Group, the biggest operator of “feeder funds” that channeled money into Bernard Madoff’s Ponzi scheme, and investors who lost money in the fraud. U.S. District Judge Victor Marrero in Manhattan said today he’ll grant final approval of the deal, […]

www.debtwire.com–A federal court has saved a USD 80m settlement for indirect investors of Bernard Madoff s ponzi scheme, the Wall Street Journal reported. US District Judge Victor Marrero has ruled that Irving Picard, the court-appointed trustee in charge of recovering money for Bernard Madoff s victims, cannot block the settlement that was agreed with founders […]