Author: Marketing

On 20 May 2019, the Privy Council issued a decision on the subject of the appeal to the Board against the Eastern Caribbean Court of Appeal’s upholding of the BVI High Court’s refusal to grant an anti-suit injunction to restrain the liquidators of Fairfield Sentry Limited from pursuing proceedings in the United States under section […]

Originally posted on KNECT365.com, in Asset Recovery Magazine Vol. 2 Written by Kenneth Krys I read with interest a weekend interview in the Wall Street Journal on December 1-2, 2018 titled “The Amazing Madoff Clawback”. The interview is with Mr. Irving Picard, the court-appointed trustee of Bernard L. Madoff Investment Securities LLC, who oversees the recovery […]

Kenneth Krys, Executive Chairman and Founder of KRyS Global, has been appointed Co-Chair of the International Insolvency Institute’s USA/Canada and Caribbean Regional Committee. The Institute is a non-profit, limited-membership organization dedicated to advancing and promoting insolvency as a respected discipline in the international field. Its primary objectives include improving international co-operation in the insolvency area and […]

KRyS Global has joined a number of businesses in the Cayman Islands to assist the CI Red Cross renovate their headquarters – a building which acts as a hurricane shelter in time of need, as well providing a wide range of services to the local community and beyond. These include the Thrift shop and its […]

At KRyS Global we pride ourselves in providing timely, proactive and innovative solutions in situations of uncertainty and dispute. We achieve this by leveraging the knowledge and experience of our professionals and incorporating practical common sense in deriving positive outcomes for clients. In certain situations, for instance contentious disputes, board deadlocks or orderly wind downs […]

Issue: Bordeaux was a Guernsey fund administrator which was regulated by the Guernsey Financial Services Commission (“GFSC”) in accordance with the Protection of Investors Law and the Fiduciary Law.  After an investigation into the conduct of Bordeaux’s directors, the GFSC handed down an order prohibiting them from acting as directors.  They were banned from holding […]

Issue: The Defendant was charged in the Royal Court of Jersey with 39 charges comprising fraudulent conversion, larceny, money laundering and intermeddling with moveable estate without a grant of probate. The offences were alleged to have been committed by the Defendant whilst operating his business as a sole-trader solicitor. Resolution: We were instructed by the […]

Issue: The Defendant was charged in the Royal Court of Jersey with 5 counts of larceny. The offences were alleged to have been committed during the course of the Defendant’s employment as the manager of a night club which gave the Defendant access to an automatic teller machine. Resolution: We were instructed by the Defendant’s […]

Issue: Midland was an international joint venture holding company ultimately owned by two individuals (“the UBO’s”) who had an acrimonious falling out.  Their appointed directors could not agree on any issues regarding Midland’s management.  Midland had once controlled assets worth hundreds of millions of dollars, but a “business divorce” had resulted in most of those […]

Kenneth Krys, Executive Chairman and Founder of KRyS Global, has accepted an invitation to speak on a panel at the on International Insolvency Institute’s Annual Meeting in Barcelona, Spain on June 17-18, 2019.  The panel is chaired by Dario Oscos, and Mr. Krys will join Thomas Felsberg (Felsberg Avogados, Brazil) and Jesus Guerra (Guerra Abogados. […]