Category: Press & Articles

Published in International Corporate Rescue Magazine 2015: Samantha Wood, Manager, KRyS Global, Cayman Islands Since the 2008 global financial crisis, some directors and managers of financial services companies, hedge funds and investment vehicles, have struggled to address the fall-out from the recession, and may still be facing financial uncertainties. Traditional solutions, such as voluntary and compulsory liquidations, have historically been […]

Published in INSOL World 3rd Quarter  Magazine 2015: By Samantha Wood, Manager Cayman Islands A scheme of arrangement (“Scheme”) is a flexible process, whereby a court approves an agreement between company stakeholders (e.g. equity holders, lenders or debenture holders) that may affect or alter shareholder or creditor rights. Unlike certain other insolvency processes or regimes, Schemes […]

The Tribune–Three Bahamas-based financial institutions have been sued for the return of more than $4 million in redemptions that were generated through Bernard Madoff’s multi-billion Ponzi scheme, on the grounds that these payments represented an “unjust enrichment” because they were based on fraudulent Net Asset Value (NAV) calculations. Documents obtained by Tribune Business from the […]