Category: Press & Articles

The Tribune–The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has joined with accounting firm KRyS Global to launch an Economic Crime Survey for the Bahamas. The survey, designed to provide information on the true state of economic crime in the Bahamas, and uncover new trends, will be dispatched to all BCCEC members via e-mail […]

Linda Sandler, Bloomberg News–Investors in Fairfield Sentry Ltd., a feeder fund for Bernard Madoff’s Ponzi scheme, asked a judge to withhold approval from Irving Picard’s $4 billion settlement with bankrupt funds related to the Fairfield Greenwich Group. The deal struck by the trustee liquidating Madoff’s firm, who dropped $4 billion in claims in return for […]

New York Law Journal–Foreign Liquidators of the Fairfield group of investment funds, which were created to feed overseas investments into Bernard L. Madoff Investment Securities, can pursue a slew of lawsuits aiming to recover nearly $6 billion for investors in U.S. Bankruptcy Court rather than in the state Supreme Court’s Commercial Division, a bankruptcy judge […]

By Timothy Le Cornu and Margot MacInnis Published in Global Insolvency & Restructuring Review 2011/12 Cross-border insolvency is an area of constant change. In the last few years in particular we have experienced the introduction of new or updated law, court decisions in landmark cases and creative practitioners finding new ways to deal with complex problems.All of these […]

INSOL World (Second Quarter 2011) Chair: Ian S. Grier, Sprecher Grier Halberstam LLP Robert Hanel, anchor Rechtsanwalte Chris Honey, McGrath Nicol Kenneth Krys, KRyS Global Panel Chair Mr Grier set the stage for this panel by outlining the substantial increase in crisis of cross-border insolvencies and the issues these cases have raised, including forum shopping, […]

By Jonathan Murphy Published in Corporate International (May 2011) For years, Caribbean jurisdictions have used the UK Insolvency Act 1986 as the basis for insolvency matters, with appropriate amendments for local conditions. In the Cayman Islands, the Companies Winding Up Rules (2010) and the Companies Law 2010 govern the manner in which companies are liquidated. […]

Morningstar Canada–Hedge-fund manager Otto Spork and two Toronto investment firms under his direction committed non- criminal fraud, according to the findings of an Ontario Securities Commission (OSC) panel released today. A sanctions and costs hearing will be held, the OSC said. The date has not been set. The OSC panel concluded that Spork, Sextant Capital […]

By Jonathan Murphy Published in Recovery Magazine, Spring 2011 Jonathan Murphy provides an insight into the Caribbean offshore market,with particular reference to the Cayman Islands,British Virgin Islands,Bermuda and the Bahamas. Download the article An Offshore Overview – Insolvency in the Caribbean as a PDF

Corporate International–Unlike a number of other firms, KRyS Global only provides insolvency, liquidation, corporate recovery, forensic accounting and related services which enables us to provide independent, focused and experienced service to our clients. Our staff are experienced and qualified in the field of insolvency and forensics, and we ensure all engagements are carried out by […]

Business in Bermuda–Market Talk with KRyS Global Can you tell us a little bit about the key services KRyS Global offers? KRyS Global provides solutions to complex cross-border issues in the areas of Corporate Recovery, Insolvency, Forensic Accounting and Business Advisory Services. KRyS Global has over 40 professionals who work from offices in four jurisdictions […]