Author: Marketing

KRyS Global’s Executive Chairman, Kenneth Krys and Senior Manager, Lee Hart, will be heading to the Tenth World Quadrennial Congress of INSOL International, in Sydney in March 2017. The INSOL Congress features a quality international technical programme attracting the best and brightest restructuring professionals from around the world. This year’s will include a dedicated Offshore session meeting on […]

Earlier this month, experts from KRyS Global’s Global Forensics and Consulting team provided a presentation to local industry accountants in the Cayman Islands with an engaging presentation on how to recognize potential red flags of fraud in the offshore financial services sector. The presentation focused on the ‘why and who’ associated with financial services frauds, […]

KRyS Global is starting the year on the right foot, championing community participation and raising awareness for cancer, and the importance of taking the early precautions to avoid it or identify it in its early stages. Stride Against Cancer is the biggest event that the Cayman Islands Cancer Society organizes, and is one of the biggest […]

KRyS Global’s Executive Chairman, Kenneth Krys, will moderate a panel of industry experts at the ABI Caribbean Insolvency Symposium being held 9 -11 Feb in Grand Cayman. The session, “In this corner, Arbitration, in the Other, Bankruptcy: Welcome to the main Event!” will be the last session held on 11 February. This panel, which comprises of leading […]

Originally posted on Cayman Compass   From funding medical care for children in need of life-saving surgery to helping rebuild dilapidated homes, Cayman charity Acts of Random Kindness is celebrating 10 years of doing good deeds around the island. In its latest project, the charity recruited volunteers from The Ritz-Carlton hotel to renovate a home […]

Identifying and investigating fraud Learn how to recognize and investigate offshore financial services sector fraud Definition of fraud Understanding acts of fraud, including the who, how and why Understanding offshore financial services fraud Examples of red flags used to recognize potential fraud Discussing some techniques on how to investigate and  combat fraud How forensic technology […]

Published in the Cayman Compass Liquidators have begun dismantling MEPCO, the construction company that closed suddenly in October and laid off more than 50 employees. Employees learned of the firm’s financial troubles on Oct. 17, the day they were laid off. MEPCO, established in 2008, worked on mechanical, electrical, fire systems and other building services. […]

In an order issued December 14, 2016, the Eastern Caribbean Supreme Court issued guidance on the following questions: Does the Court have power to permit liquidators appointed by the court pursuant to the Insolvency Act 2003 (the “Act”) to draw monies from a liquidation estate by way of interim payment on account of fees and […]

Originally posted on Bloomberg Bernard Madoff’s victims are set to receive a $342 million payout from the trustee unwinding his epic Ponzi scheme, financed in part by a settlement with the estate of one of the con man’s oldest friends, the late Beverly Hills billionaire Stanley Chais. The distribution, if approved by a judge, would be […]

Christopher Smith and Lee Hart of KRyS Global contributed to International Insolvency’s Q&A guide to group insolvency and directors’ duties in the Cayman Islands.  The Q&A is part of the International Insolvency: Group Insolvency and Directors’ Duties Global Guide. For a full list of contents, please visit www.practicallaw.com/internationalinsolvency-guide. The Q&A global guide provides an overview of […]