KRYS GLOBAL TO SPEAK AT INSOL ONE DAY SEMINAR

Founder and Executive Chairman of KRyS Global, Kenneth Krys, will sit on a panel at the INSOL International British Virgin Islands One Day Seminar, hosted by INSOL International in association with the Restructuring and Insolvency Specialists Association (BVI) Ltd. The seminar will cover various hot topics on liquidation and other related fields, and will be held on 17th November at the beautiful Peter Island Resort on Peter Island, British Virgin Islands.

Alongside other leading insolvency professionals, Ken will be presenting at Session Four, ‘Boots on the ground: A look at some significant offshore liquidations from the liquidators themselves‘. This session will cover the status of, progress on, and lessons learned from some of the largest liquidations in the Caribbean in recent years, as well as future prospects and challenges for mega offshore proceedings.

Ken will share his experiences with Fairfield Sentry, the largest feeder fund to invest and lose money in the Madoff Ponzi scheme. He’ll explain the challenges he faced on that assignment, and how he was able to, with no unencumbered cash and various legal proceedings already embarked and ongoing upon his appointment, get in a position to return assets to registered shareholders despite those challenges. Thus far, the liquidators of Fairfield Sentry and associated funds have recovered $300 million for the benefit of creditors and registered shareholders, and are scheduled to pay Sentry registered shareholders an initial distribution of $15 per share before the year’s end.

For more information on the BVI One Day Seminar, please view the main INSOL website.

If you have questions or require assistance with Cross Border Insolvency, please contact Kenneth Krys or check out our website.