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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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Krys appointed Co-Chair of III’s USA/Canada and Caribbean Regional Committee

Kenneth Krys, Executive Chairman and Founder of KRyS Global, has been appointed Co-Chair of the International Insolvency Institute’s USA/Canada and Caribbean Regional Committee. The Institute is a non-profit, limited-membership organization dedicated to advancing and promoting insolvency as a respected discipline in the international field. Its primary objectives include improving international co-operation in the insolvency area and […]

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Le Cornu Completes International Director’s Course

At KRyS Global we pride ourselves in providing timely, proactive and innovative solutions in situations of uncertainty and dispute. We achieve this by leveraging the knowledge and experience of our professionals and incorporating practical common sense in deriving positive outcomes for clients. In certain situations, for instance contentious disputes, board deadlocks or orderly wind downs […]

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Madoff Trustee Can Pursue Lawsuits Against Fairfield Redeemers

Originally posted on Reuters NEW YORK (Reuters) – A U.S. federal appeals court said the trustee liquidating Bernard Madoff’s firm may pursue dozens of lawsuits to recoup funds from defendants including Koch Industries Inc, long controlled by the billionaire brothers Charles and David Koch, and major banks. Monday’s decision by the 2nd U.S. Circuit Court […]

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Response to Proposed Amendments to Chapter 15 of the U.S. Bankruptcy Code

KRyS Global is pleased to join many of its colleagues onshore and offshore to raise its concerns with the National Bankruptcy Conference’s proposal to amend Chapter 15 to provide that a debtor’s center of main interests (“COMI”) should be determined as of the date of the commencement of the underlying foreign proceeding and not as […]

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bernard-madoff

Canada’s connection to Bernie Madoff continues through the courts a decade later

Originally posted on Financial Post Bernard Madoff 10 years ago this week confessed to running a massive Ponzi scheme that defrauded investors of billions and billions of dollars. The wave of litigation that followed has still not completely receded, and at least one lawsuit has fallen into the Canadian court system. Why this is the […]

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