Category: Press & Articles

Originally posted on GRR Saudi hotel magnate Sheikh Mohamed Al Jaber has been ordered to pay €67 million in equitable compensation to a BVI-incorporated leisure group he founded, after the UK Supreme Court overturned a lower court decision and provided guidance on how to pinpoint when the value of any misappropriation should be calculated. Earlier […]

KRyS Global announces that Tim Le Cornu, who joined the Firm in 2008 in the Cayman Island and then transferred to Guernsey to launch and lead its office there, is retiring with effect November 28th. “I have really enjoyed my time with KRyS which gave me an opportunity to work on some of the most interesting […]

It’s Time To Consider The End Of Year Implications Vis-a-Vis Excess Or Unnecessary Corporate Vehicles And The Timings Thereof. In order to avoid 2026 fees and corporate filing requirements levied on a corporate vehicle there are some options available to bring about its termination. There are typically two main ways that a solvent or economically […]

Originally posted on GRR After nearly 15 years of appeals, the liquidator of a Madoff feeder fund has finally been allowed to undo a sale of claims against Bernie Madoff’s investment vehicle to a US hedge fund, after the Judicial Committee of the Privy Council found a British Virgin Islands appellate court had failed to […]

KRyS Global is delighted to announce it will be expanding with a launch of an office in the Dubai International Financial Centre (DIFC) in September 2025. Amanda Gore, a forensic accountant from New Zealand with over 20 years experience in multi-jurisdictional investigations, with proficiency in fraud, cryptocurrency and broader financial crimes, has been appointed to […]

Originally posted on GRR The US Bankruptcy Code’s safe harbour provisions bar foreign common law claims in Chapter 15s, a US appellate court has affirmed, in what lawyers working on a long-running case related to the Madoff fraud tell GRR is a “groundbreaking” decision. On 5 August, the US Court of Appeals for the Second […]

Originally posted on the Wall Street Journal An appeals court has blocked liquidators’ yearslong effort to recover about $6 billion from investors who cashed out of a Bernie Madoff feeder fund before the Ponzi scheme collapsed. The U.S. Court of Appeals for the Second Circuit ruled Tuesday that the liquidators of Fairfield Sentry, a British […]

Originally posted on Law360 An Arab tycoon told Britain’s top court Tuesday that he did not breach a fiduciary duty to his former company by transferring shares out of it after it went into liquidation, because he was no longer director by that point. Sheikh Mohamed bin Issa al Jaber did not owe any fiduciary […]

KRyS Global is pleased to announce that Alex Nagy has been granted a license to act as a BVI Insolvency Practitioner. Alex joined the Firm in 2022 from Prague in Czechia, Central Europe, where he was leading Big4 consultancy firms’ forensic teams and also working as a head of compliance and security for a central […]

KRyS Global USA is pleased to announce that Derek Stegelmeier has been hired as Senior Project Manager in the New York office.  Derek joins the firm after having served as Director of Operations for Legal Outsourcing 2.0 and after working for several AmLaw 100 firms.  He is a licensed New York attorney who brings more […]