Category: Press & Articles

Originally from Law360.com By Ryan Boysen Law360, New York (September 14, 2017, 5:35 PM EDT) — A hedge fund is asking the U.S. Supreme Court to review a Second Circuit decision that let a U.S. bankruptcy court void the sale of a $230 million claim despite the earlier approval of a foreign bankruptcy court, saying […]

In an effort to provide a potent 1-2 punch for clients, KRyS Global USA has added the services of Peter Lennon as a director level in New York. Peter, who joins James Leda, is a seasoned professional whose career has been devoted to financial regulation, litigation and investigations involving complex financial issues. In addition to being a […]

KRyS Global is pleased to announce that James Leda will be replacing Grant Lyon of our US office. Jim is a senior restructuring professional with over 20 years’ experience in the areas of reorganization and addressed distressed situations, with a specific expertise in financial services matters. His former employers include PPM America, Inc. (a subsidiary of Prudential PLC), […]

Originally posted on Law360 By Ryan Boysen Law360, New York (May 22, 2017, 4:24 PM EDT) — A New York bankruptcy court was right to scrap the sale of a $230 million claim by the liquidator for an offshore Bernard L. Madoff feeder fund to a hedge fund, the Second Circuit affirmed on Monday, saying […]

Originally posted on Global Restructuring Review. Co-authored by Andrea Harris of KRyS Global and David Jones of Carey Olsen. Overview The laws that govern liquidation and restructuring regimes in Guernsey are encompassed in the Companies (Guernsey) Law 2008, as amended (the Law). Opinions on Reforming Guernsey’s insolvency regime were sought via a public consultation process […]

Originally posted on Global Restructuring Review Photo taken from iStock.com/bodnarchuk A British Virgin Islands court has sanctioned a liquidator’s application for a blended fee remuneration, including a percentage of revenue from assets sold, after she returned an ailing gold mining company to solvency in “a remarkable success story”. Sitting in the Commercial Division of the […]

Originally posted on Cyprus Business Mail By Stelios Orphanides A court in Bermuda on Friday ordered the liquidation of Saab Financial (Bermuda) Ltd, a company associated with the owners of the Tanzanian lender FBME Bank Ltd, the brothers Ayoub Farid Saab and Fadi Michel Saab. The court issued the order after Asedor Finance Ltd, a […]

Ronald Reagan once said “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.” Recent information released by WikiLeaks suggests this may need updating. WikiLeaks has disclosed a substantial collection of materials alleged to detail a portfolio of the US Central Intelligence Agency’s (CIA) hacking and […]

For the 5th consecutive year, KRyS Global’s Executive Chairman, Kenneth Krys, was guest lecturer at the New York University School of Law, speaking from the perspective of Foreign Representative on the development and application of Chapter 15 of the US Bankruptcy Code and central to its determination, the location of foreign entity’s center of main […]

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 […]