Category: Press

Originally posted in the Singapore Business Times Photo caption: As more businesses buckle under strain amid the virus outbreak, some firms in the professional services are boosting their restructuring and insolvency (R&I) practice with more aggressive hiring. ST PHOTO: LIM YAOHUI Singapore AS MORE businesses buckle under strain amid the virus outbreak, some firms in […]

Originally posted on Reuters DUBAI/SINGAPORE (Reuters) – Phoenix Commodities Pvt Ltd, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than $400 million in potential trading losses, according a document prepared by the liquidators seen by Reuters. The business, founded 20 years ago, grew into a company […]

Originally posted on Forbes.com It is 9 am on a Saturday morning at Hurley’s supermarket in Grand Cayman and there is no hint of “business as usual”. Members of the Royal Cayman Islands Police Service are manning the supermarket entrance, while security guards spray shoppers’ hands with antibacterial fluid. Winding dividers direct hundreds of compliant […]

The U.S. Supreme Court asked the Trump administration for advice on an effort by the liquidator of Bernard Madoff’s firm to recoup $3 billion that was transferred overseas. The justices are considering whether to hear an appeal by investors who say trustee Irving Picard is impermissibly trying to apply U.S. bankruptcy law to foreign transactions. […]

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, […]

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 […]

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 […]

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 […]

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

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 […]