Category: Press

Originally posted on Law360 An Arab tycoon told Britain’s top court Tuesday that he did not breach a fiduciary duty to his former company by transferring shares out of it after it went into liquidation, because he was no longer director by that point. Sheikh Mohamed bin Issa al Jaber did not owe any fiduciary […]

KRyS Global is pleased to announce that Alex Nagy has been granted a license to act as a BVI Insolvency Practitioner. Alex joined the Firm in 2022 from Prague in Czechia, Central Europe, where he was leading Big4 consultancy firms’ forensic teams and also working as a head of compliance and security for a central […]

KRyS Global USA is pleased to announce that Derek Stegelmeier has been hired as Senior Project Manager in the New York office.  Derek joins the firm after having served as Director of Operations for Legal Outsourcing 2.0 and after working for several AmLaw 100 firms.  He is a licensed New York attorney who brings more […]

Originally posted on GRR KRyS Global USA managing director James Leda talks to GRR about the evolution of insolvency regimes and litigation finance, the rising cost of bankruptcy and how practice leaders with “skin in the game” are going to become the portfolio managers of the future. Leda started his career in corporate recovery at […]

KRyS Global was recently recognized by GRR 100 2024, saying it “stands out as an independent firm specialized in contentious cross border insolvency work and is further distinguished by the quality of its leadership team”.   Kenneth Krys, Executive Chairman and Founder, was delighted to receive the accolade. “We have strong, dedicated and passionate professionals, who […]

Originally posted on Global Restructuring Review The Cayman-based joint official liquidators of a bankrupt mutual fund have asked a Florida court to recognise their appointments so they can conduct discovery and take control of assets that may be in the US, five months after they launched proceedings against the fund’s bank in California.On 6 September, […]

The Singaporean liquidator of a wholesale trader has sought Chapter 15 recognition in New Jersey to deal with what he calls “dilatory, value-destructive and possible fraudulent tactics” pursued by alleged creditors against the company in the state. On 8 October, Wayne Burt’s Singaporean liquidator filed for Chapter 15 recognition of the trader’s liquidation as foreign […]

In a decision of the High Court of the Republic of Singapore between Farooq Ahmad Mann (in his capacity as the private trustee in bankruptcy of Li Hua) and Xia Zheng, the Court provided a comprehensive review of the tension between matrimonial and insolvency regimes when it is alleged the bankrupt was insolvent at the time […]

KRyS Global is delighted to announce the enlistment of Joseph Sitholé to lead the Bermuda office. Joe joins the Firm from the picturesque city of Calgary Alberta Canada, where he was a Senior Manager/Vice President with KPMG.  Joe is a CPA, a Chartered Insolvency and Restructuring Professional, and a Licensed Insolvency Trustee in Canada. He […]

Originally posted on Law360 Law360, London (April 26, 5:41 PM BST) — An Arab tycoon does not have to pay €67 million ($72 million) in damages for transferring shares out of his company after liquidation because the creditors failed to establish any actual loss, an English appeals court ruled Friday. The Court of Appeal found […]