Category: Press

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 […]

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 […]

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.

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, […]

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 […]

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 […]

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 […]

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 […]

In a recent application for an increase in liquidators’ fees in accordance with Practice Direction 3 of 2015 (which permits the liquidator to appear in person before the Court without the involvement of advocates), the Royal Court of Guernsey issued guidance to insolvency practitioners regarding the scope and form of the information with which the […]

Originally posted on the Caymanian Compass When Kyrie Caulfield drives on Grand Cayman during rainy days, his pulse quickens, his stomach ties into knots, and his knuckles whiten from gripping the steering wheel too hard. That reaction may seem odd coming from a longtime dive instructor. But after nearly losing his family and his own […]