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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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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Three KRyS Members Recognized As Asset Recovery Experts

Three members of the KRyS Global team were recognized as Asset Recovery Experts 2018 by Who’s Who Legal. These individuals were selected as standout individuals from 49 firms in 22 jurisdictions that were featured by Who’s Who Legal for their exceptional work in the space. Andrea Harris is recognised as “a strong technician” who “is […]

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Andrea Harris Promoted to Director

We are pleased to announce the promotion of Andrea Harris to Director of our Guernsey office. Andrea has been part of the KRyS Global family for over 7 years, has worked in our Cayman, BVI and Guernsey offices and is as an integral member of our team. She is a Fellow of INSOL International, a […]

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Fairfield Liquidators wins BVI costs appeal in Madoff claim sale dispute

Originally posted on Global Restructuring Review Madoff feeder fund Fairfield Sentry has won a costs appeal in the Caribbean’s highest court absolving it from paying for an opponent’s expert witness, after its fortunes changed in a dispute over the sale of its claims against the Ponzi scheme’s estate.

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KRyS Global Adds to Fraud and Corruption Expertise

KRyS Global is pleased to announce the joining of Angela Barkhouse to their fraud investigation and asset recovery team. Angela has an extensive background in the area of fraud and corruption, having previously been an executive with Kroll and Kalo. She has specific expertise in cross-border investigations of financial crime, including bribery, corruption, corporate fraud, […]

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KRyS Global BVI Team Grows with Key Recruits

KRyS Global are delighted to announce the recruitment of two additional senior team members to their BVI office. Greig Mitchell joins as a Director in an appointment taking role. Greig is a Big 4 trained and JIEB qualified (1999) insolvency professional. He has substantial and wide-ranging industry experience and brings with him 30 years of […]

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Bermuda Receivers Recognized in Cayman Islands

As many offshore professionals will be aware, Segregated Portfolio Companies originated in Guernsey (Channel Islands) and Delaware (USA), but two jurisdictions in particular, Bermuda and the Cayman Islands, have had significant success in developing these entities in the hedge fund space. At a hearing in the Grand Court of the Cayman Islands on 11 December […]

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Fairfield Liquidators Declare Second Interim Distribution

Fairfield Sentry Limited is one of the first of the larger offshore feeder funds (that we are aware of) to pay distributions to its shareholders. On 24 November 2017, the BVI Court granted sanction to the Fairfield Liquidators to pay a second interim distribution of US$15.00 per share to the Fund’s shareholders, subject to certain […]

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Fairfield Liquidators Obtain Another Important Victory in Recovery Efforts

Clawback claims in excess of $6 billion of overpaid redemptions have been brought by the Fairfield Sentry liquidators in about 300 United States Bankruptcy Court claims pending before Judge Bernstein in the Southern District of New York.  A small minority of the defendants to those actions brought applications in the BVI Commercial Court seeking directions […]

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