E-Blast Andrea III Conference 02

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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E-Blast Ken III Barcelona 2019

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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E-Blast Andrea III Conference 01

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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E-Blast Madoff 01

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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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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E-Blast Ken Fairfield Clawbacks

U.S. Court Allows Fairfield Liquidators to Proceed With 305 Clawback Cases

On December 6, the United States Bankruptcy Court for the Southern District of New York issued a decision allowing the 305 adversary proceedings brought by the Joint Liquidators of the Fairfield Funds. Following the collapse of Bernard L. Madoff Investment Securities LLC (“BLMIS”), Sentry, the largest of the BLMIS “feeder funds,” and Sigma and Lambda, which […]

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E-Blast Property 01

Forensic Investigation Finds Evidence of Money Laundering, Bribery, and Corruption in President Yameen’s Government

Originally posted on mdp.org Yesterday, the MDP received a report from KRyS Global, a forensic accounting firm with global offices and experience in fraud investigation, validating previous media reports regarding corruption within President Yameen’s government. The report is based on the forensic review and analysis of 80,890 messages (phone and encrypted messages) taken from the […]

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E-Blast Ken Jon Singapore Office

Singapore Office Added to KRyS Global Portfolio

Consistent with its corporate vision to be the most effective and sought after offshore asset recovery firm in the world, KRyS Global has opened an office in Singapore.  The office will be jointly managed by Jonathan Ong and Kenneth Krys. The Singapore office will facilitate and assist current and potential clients in the SouthEast Asia […]

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E-Blast Property 01

Jonathan Ong appointed liquidator of Ryobi Tactics Pte Ltd

Originally posted on The Business Times Ryobi Kiso Holdings and some of its subsidiaries have received letters of demand from certain creditors, it said on Friday. Among them are United Overseas Bank for some S$24.4 million; Singapura Finance for S$74,492; Oversea-Chinese Banking Corporation for S$2.94 million; and Hong Leong Finance for S$429,341. Additionally, subsidiary Ryobi […]

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