Category: Press & Articles

TheBahamasInvestor.com–Insolvency and forensic accounting firm with an office in The Bahamas is expanding its services to the Channel Islands, launching next month. KRyS Global, a corporate recovery, insolvency, forensic accounting and business advisory services firm with an office in The Bahamas, has announced the launching of a fifth office, in Guernsey, to commence business October […]

The Phoenix Magazine–The Liquidator of a Bernie Madoff feeder fund company is still pursuing Bank of Ireland Nominees and Irish Life International (ILI) for monies he claims were unduly paid out to these entities from Madoff’s ponzi scheme. Now and Irish-registered company called Monte Paschi Ireland Ltd. (MPI), which is based in Dublin’s IFSC, is […]

Press Release–KRyS Global, a firm dedicated to corporate recovery, insolvency, forensic accounting and business advisory services, today announces the launching of a fifth office, in Guernsey, to commence business this October 2012. The Guernsey office will be led by Timothy Le Cornu, who has been a Director in KRyS Global’s Cayman Islands’ office since 2008 […]

Bloomberg Businessweek–China Medical Technologies Inc., a maker of diagnostic products, filed for Chapter 15 foreign-firm bankruptcy protection in New York, listing as much as $500 million in assets and debts. China Medical, which makes products to monitor various diseases including cancer, also listed foreign bankruptcy proceedings pending in the Cayman Islands, according to a petition […]

TheBahamasInvestor.com –Corporate asset recovery, insolvency, forensic accounting and business advisory services firm, KRyS Global Bahamas scoops prestigious magazine award in international competition. KRyS Global, a corporate asset recovery, insolvency, forensic accounting and business advisory services firm, has been recognized as a leading player in The Bahamas. The firm has taken first place in ACQ magazine’s […]

Sabrina Gordon (Business Reporter, Jamaica Gleaner)–Dyoll Insurance Company liquidation team, Kenneth Krys and John Lee, will make a fifth and final dividend payment to creditors, inclusive of a settlement from Dyoll Group. The size of the pending payment has not been disclosed. At their last report two years ago, the liquidators disclosed payouts amounting to […]

By Kenneth Krys Published in: The Bermudian When it comes to attempting to identify and recover concealed assets and proceeds of crime, one needs to have a team that includes professionals with experience and expertise in tracing assets in an offshore environment. Insolvency practitioners and corporate recovery professionals have these tools and often can bring […]

This month, as part of their Interview With feature, Lawyer Monthly speaks to Margot MacInnis, Managing Director of the Cayman Islands office of insolvency and corporate recovery firm, KRyS Global. Here, she discusses with us the firm, her work, the challenges she faces regularly and her favourite aspects of her work. Please introduce yourself, your firm and your […]

By Edmund Rahming Published in: The Bahamas Investor Historically, insolvency procedures in The Bahamas have been governed through the application of the Companies Act, 1992 and the International Business Companies Act ,2000. While these laws worked well for many years, there was a need to modernize them given the economic development in The Bahamas and […]

Neil Hartnell (www.Tribune242.com)–The sums owed to Owen Bethel’s insolvent Montaque Capital Partners by affiliated companies “could differ significantly” from the initial $2.76 million estimate, liquidators for the Bahamian broker/dealer have warned, as they continue to also probe deals linked to Mr Bethel’s family. Ed Rahming and Kenneth Krys, of the KRyS Global accounting firm, in […]