Author: Marketing

Originally posted on the Cayman Compass One of Cayman’s most grueling athletic events will return for 2018 with the 9th annual Off The Beaten Track ultramarathon taking place on Sunday, Feb. 25. This one-of-a-kind race will lead participants on a 50 km ultra-marathon through tropical bush, sandy beaches and the back roads of Grand Cayman. […]

Originally from the Cayman Compass | BVI businesses donate $100,000 to rebuild islands after Irma The Alliance of BVI Professional Services Businesses has announced that it will be making a US$100,000 joint donation to support humanitarian relief work in the British Virgin Islands. The group, comprising 19 professional services firms who practice or have offices in the […]

KRyS Global is pleased to be involved for the 11th consecutive year supporting The Nationwide Stride Against Cancer, a fundraising event to benefit the Cayman Islands Cancer Society. The event attracts over 1300 participants of all ages and from all walks of life and truly reflects the diversity of the Caymanian community. It is a […]

As many offshore professionals will be aware, Segregated Portfolio Companies originated in Guernsey (Channel Islands) and Delaware (USA), but two jurisdictions in particular, Bermuda and the Cayman Islands, have had significant success in developing these entities in the hedge fund space. At a hearing in the Grand Court of the Cayman Islands on 11 December […]

The Firm’s Executive Chairman, Kenneth Krys, was invited to attend the INSOL Africa Roundtable held in Mauritius on 9th – 10th November 2017. In addition, Mr. Krys also moderated a panel on Cross-border Insolvency: On-shore versus Off-Shore Restructuring, which reviewed the issues and considerations which must be taken into account to determine where best to undertake the restructuring […]

Fairfield Sentry Limited is one of the first of the larger offshore feeder funds (that we are aware of) to pay distributions to its shareholders. On 24 November 2017, the BVI Court granted sanction to the Fairfield Liquidators to pay a second interim distribution of US$15.00 per share to the Fund’s shareholders, subject to certain […]

Clawback claims in excess of $6 billion of overpaid redemptions have been brought by the Fairfield Sentry liquidators in about 300 United States Bankruptcy Court claims pending before Judge Bernstein in the Southern District of New York.  A small minority of the defendants to those actions brought applications in the BVI Commercial Court seeking directions […]

In a recent application for an increase in liquidators’ fees in accordance with Practice Direction 3 of 2015 (which permits the liquidator to appear in person before the Court without the involvement of advocates), the Royal Court of Guernsey issued guidance to insolvency practitioners regarding the scope and form of the information with which the […]

Originally posted on the Caymanian Compass When Kyrie Caulfield drives on Grand Cayman during rainy days, his pulse quickens, his stomach ties into knots, and his knuckles whiten from gripping the steering wheel too hard. That reaction may seem odd coming from a longtime dive instructor. But after nearly losing his family and his own […]

We are pleased to share with you that KRyS Global’s application in the Cayman Islands Chamber of Commerce’s Community Service Project of the Year category has been selected as a Grand Award winner and finalist for the inaugural Business Excellence Awards. KRyS’ application was for its support of the roundabout off Lime Bay Avenue and […]