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Fairfield Sentry US Bankruptcy Judge to Retire

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, […]

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OneTRADEx liquidators petition US bankruptcy court

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 […]

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Who’s Who Legal Recognizes KRyS Global Staff

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 […]

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OneTRADEx clients told to expect a loss

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 […]

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OneTRADEx Put into Provisional Liquidation

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

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Krys and Barkhouse appointed Controllers over OneTRADEx Ltd.

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 […]

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Jonathan Ong Joins Elite of Insolvency Professionals

KRyS Global is pleased to announce that Jonathan Ong, a senior manager, is a member of the graduating class of the 2018/2019 INSOL Global Insolvency Practice Course and accordingly will be a Fellow of INSOL International with effect from 1 August 2019. The INSOL Fellowship programme is the pre-eminent advanced educational qualification focusing on international […]

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Five Professionals, Four Offices Recognized by WWL

KRyS Global is honoured to have five of its professionals, comprising four of its offices, recognized by Who’s Who Legal (WWL) as experts in the area of Restructuring & Insolvency. Angela Barkhouse, Charlotte Caulfield, Mathew Clingerman, Andrea Harris and Tim Le Cornu were identified by their peers as experts in this field. Since 1996 Who’s […]

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Canadian twist to Madoff Ponzi scheme settled out of court

Originally posted on Ottawa Citizen   An attempt to have the Supreme Court of Canada hear a case involving allegations that the former auditor of three offshore investment funds should have discovered Bernie Madoff’s massive Ponzi scheme has been called off, as a settlement has been struck between the ex-auditor and the funds’ liquidators. The […]

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Fairfield Liquidators Overcome Final Obstacle to Pursuing Redeemer Claims

On 20 May 2019, the Privy Council issued a decision on the subject of the appeal to the Board against the Eastern Caribbean Court of Appeal’s upholding of the BVI High Court’s refusal to grant an anti-suit injunction to restrain the liquidators of Fairfield Sentry Limited from pursuing proceedings in the United States under section […]

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