Category: Press & Articles

Originally posted on Corporate LiveWire The Fraud & White Collar Crime 2020 Roundtable discusses recent developments in the legislation and enforcement of corporate fraud, bribery, corruption, tax evasion and insider trading. Other notable topics include: the prominent bribery case U.S. v. Hoskins, cross border investigations, the agencies tackling corporate misconduct and the effects of Brexit […]

Originally posted on Offshore Red In this barnstorming tour-de-force, international investigator Ken Krys – the executive chairman and founder of KRyS Global, which has offices in the Cayman Islands, the British Virgin Islands, New York, London, Guernsey, Hong Kong and Singapore – lays out the basic strategies that your offshore bank is likely to require […]

The U.S. Supreme Court asked the Trump administration for advice on an effort by the liquidator of Bernard Madoff’s firm to recoup $3 billion that was transferred overseas. The justices are considering whether to hear an appeal by investors who say trustee Irving Picard is impermissibly trying to apply U.S. bankruptcy law to foreign transactions. […]

The United States Bankruptcy Court for the Southern District of New York announces that Judge Stuart M. Bernstein has declared his intention to retire on September 30, 2020. Judge Bernstein joined the Southern District bench in November 1993 and served as Chief Judge for ten years. During his tenure, he has presided over many large, […]

Originally posted on Cayman Compass The liquidators of Cayman discount broker OneTRADEx have petitioned a federal bankruptcy court in the Southern District of New York for the recognition of the liquidation in Cayman as a foreign main proceeding. The liquidators are seeking the protection of the Chapter 15 provisions of the US Bankruptcy Code because […]

Who’s Who Legal (WWL) list of Asset Recovery Experts has been released for 2019 and KRyS Global is delighted to announce that 4 of its staff have been recognized for their expertise. Executive Chairman and Founder of the Firm, Kenneth Krys was nominated as Global Elite Thought Leader for 2019, with WWL observing that in […]

Introduction As a result of a consultation with industry bodies and professionals that has spanned several years, the States of Guernsey have drafted The Companies (Guernsey) Law, 2008 (Insolvency) Amendment Ordinance, 2019 (“the Ordinance”) which introduces a number of proposed additions to the Companies Law. When these reforms were proposed in 2017, the Committee for […]

Originally posted on Cayman Compass Clients and creditors of discount broker OneTRADEx, which was put into provisional liquidation last week, heard they should expect to lose “less than 10%” of their trade account holdings at a liquidation meeting on Tuesday. However, this estimate was only given in reference to a hypothetical consensual solution with minimised […]

On 3 September 2019, Kenneth Krys and Angela Barkhouse of KRyS Global were appointed Provisional Liquidators of OneTRADEx.  Update of 4 September 2019 to Creditors and Clients is attached. OTX Update to Creditors and Clients 4 Sept 2019

19 July 2019 PUBLIC NOTICE Re: ONETRADEX LTD – In Controllership The public is advised that effective 18 July 2019 the Cayman Islands Monetary Authority (“the Authority”) appointed Mr. Kenneth Krys and Ms. Angela Barkhouse (“the Controllers”) of the firm Krys Global to assume control of the affairs of ONETRADEX LTD. (“the Company”) pursuant to […]