Category: Press & Articles

KRyS Global is pleased to announce the joining of Angela Barkhouse to their fraud investigation and asset recovery team. Angela has an extensive background in the area of fraud and corruption, having previously been an executive with Kroll and Kalo. She has specific expertise in cross-border investigations of financial crime, including bribery, corruption, corporate fraud, […]

KRyS Global are delighted to announce the recruitment of two additional senior team members to their BVI office. Greig Mitchell joins as a Director in an appointment taking role. Greig is a Big 4 trained and JIEB qualified (1999) insolvency professional. He has substantial and wide-ranging industry experience and brings with him 30 years of […]

Originally posted on Corporate LiveWire The Fraud & White Collar Crime Roundtable 2018 addresses the latest trends and interesting developments in several key jurisdictions. We discover why compliance may be a “daunting” but “necessary” task in 2018. Understand the implications of noteworthy case studies, including the anticorruption case against Rolls-Royce and a recordbreaking settlement following […]

Originally posted on The Hedge Fund Journal One of the structures often encountered by insolvency practitioners who reside and practice in jurisdictions outside of the United States, and those who act for them, are hedge funds. Given the proximity of the Caribbean to the United States (and specifically those jurisdictions that are recognized international financial […]

As many offshore professionals will be aware, Segregated Portfolio Companies originated in Guernsey (Channel Islands) and Delaware (USA), but two jurisdictions in particular, Bermuda and the Cayman Islands, have had significant success in developing these entities in the hedge fund space. At a hearing in the Grand Court of the Cayman Islands on 11 December […]

Fairfield Sentry Limited is one of the first of the larger offshore feeder funds (that we are aware of) to pay distributions to its shareholders. On 24 November 2017, the BVI Court granted sanction to the Fairfield Liquidators to pay a second interim distribution of US$15.00 per share to the Fund’s shareholders, subject to certain […]

Clawback claims in excess of $6 billion of overpaid redemptions have been brought by the Fairfield Sentry liquidators in about 300 United States Bankruptcy Court claims pending before Judge Bernstein in the Southern District of New York.  A small minority of the defendants to those actions brought applications in the BVI Commercial Court seeking directions […]

In a recent application for an increase in liquidators’ fees in accordance with Practice Direction 3 of 2015 (which permits the liquidator to appear in person before the Court without the involvement of advocates), the Royal Court of Guernsey issued guidance to insolvency practitioners regarding the scope and form of the information with which the […]

Originally posted on the Caymanian Compass When Kyrie Caulfield drives on Grand Cayman during rainy days, his pulse quickens, his stomach ties into knots, and his knuckles whiten from gripping the steering wheel too hard. That reaction may seem odd coming from a longtime dive instructor. But after nearly losing his family and his own […]

An order issued by the U.S. Supreme Court this morning denied Farnum Place, LLC’s petition for certiorari. Farnum Place had sought review of whether chapter 15 of the Bankruptcy Code requires a U.S. bankruptcy court to independently analyze a foreign debtor’s sale of a U.S. asset, after the U.S. Bankruptcy Court disapproved Fairfield Sentry’s sale […]