Category: Press

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]