Category: Press & Articles

By Kenneth Krys Published in Corporate International, August 2010 The number of insolvencies occurring in the Caribbean has increased in the past two years, but not all cases are a result of the economic downturn. Investors and stakeholders have increased their due diligence and monitoring and this has meant accountability within companies has increased and […]

Forbes–The co-liquidator of the biggest feeder fund for Bernard L. Madoff Investment Securities says some investors in the Fairfield Sentry funds had knowledge of the massive financial fraud and profited as a result. “There are other parties that we believe were aware of the fraud and took out their money in preference to everybody else,” […]

Bloomberg–Fairfield Sentry Ltd., a feeder fund that transferred $3.2 billion to convicted swindler Bernard Madoff, sued 17 of its shareholders to try to recover money they received. Fairfield Sentry, an affiliate of Fairfield Greenwich Group, said it had no way to repay the $3.2 billion without getting back the money its shareholders received since about […]

Press Release–Krys & Associates (BVI) Ltd. is pleased announce that Joanna Lau will be assuming the lead role of Managing Director of the office from Christopher Stride (“Chris”). Chris is leaving the BVI to pursue other professional opportunities. Ms. Lau is a Licensed Insolvency Practitioner with the BVI Financial Services Commission and holds a LLB […]

Business Wire–On 22 July 2010, Messrs Kenneth Krys and Christopher Stride of Krys & Associates (BVI) Limited, the Liquidators of Fairfield Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda Limited obtained cross-border recognition as foreign main proceedings by the United States Bankruptcy Court for the Southern District of New York of the Funds’ insolvency proceedings, […]

The Tribune–The Krys Rahming & Associates’ official launch, held at British Colonial Hilton, began in true conventional style with a welcome message to the new professional services firm by Khaalis Rolle, president of the Bahamas Chamber of Commerce. The launch of this first-of-its-kind firm offering corporate recovery, insolvency, forensic accounting, and business advisory services, got […]

By Chester Robards, The Tribune Edmund Rahming comments Commercial fraud is on the rise in the region and in the Bahamas as a direct result of the global recession, the managing director of forensic accounting, corporate recovery and insolvency firm, Krys Rahming and Associates (Bahamas), said yesterday, as it prepares to host a seminar on […]

The Tribune–Grand Bahama does not currently have the human or physical infrastructure to accommodate an international arbitration centre for maritime alternative dispute settlement, the managing director of a Bahamas-based forensic accounting and insolvency practice told Tribune Business yesterday. Edmund Rahming, of Krys Rahming and Associates (Bahamas), said there were not enough qualified individuals to staff […]

The Nassau Guardian–A sharp rise in financial issues will lead topics at an international conference in The Bahamas next week, set to gather hundreds of accounting and other professionals for discussions on trends in the field. The newly launched Krys Rahming and Associates (Bahamas) Limited will host the Insolvency and Dispute Consulting Seminar 2010 at […]

Mena FM, June 2010 Tahir Jawed of Maples and Calder, Dubai; Niaz Khan, of DMS Management and John Skelton of Krys & Associates discuss what the Cayman Islands can offer the Mena region. Download full article as a PDF.