KRyS Global
Insolvency · Cayman Islands
KRyS Global is the largest boutique corporate recovery, insolvency and related services firm in the Caribbean and Bermuda. We act for victims of fraud, unpaid creditors, neglected investors, regulators and government authorities seeking to find the true financial situation and recovery of the funds removed from or due to them. Services KRyS Global offers to clients include acting as compulsory or voluntary liquidators; investigating fraud; conducting tracing of assets; and participating in litigation either by way of expert testimony, providing evidence in forensic accounting or business damages. For regulators and government authorities, KRyS Global has assumed a number of roles, from taking control over licensees in breach of the law; investigating regulatory breaches and money laundering; to assisting with on-site inspections.
As the majority of engagements are of an international nature, KRyS Global has relationships with and has worked jointly with a number of well respected independent firms around the globe including Alvaraz & Marsal, FTI Consulting, Borelli Walsh, Korda Mentha, Mazars, RSM, MCR and Griffins. In addition KRyS Global is a member of hww insolvency cooperation partners, a dedicated group of local insolvency specialists in 20 jurisdictions across the United States, Europe and Asia. The group’s objective is to derive the best solutions in cross-border cases by working with a number of other independent, insolvency practitioners.
KRyS Global provides solutions to complex cross-border issues and works hand-in-hand with our clients to ensure their goals and objectives are achieved. The assignments we perform invariably are high-profile, on the cutting edge, and are frequently quoted in the strategies of our competitors and the trade magazines of our peers. Some of our work has changed how corporate recovery and insolvency engagements are pursued in the Caribbean. We were the first firm to be appointed liquidators to a foreign registered company in the Cayman Islands, and the Cayman Islands' Companies Law was amended to reflect this. We also were the first firm in the Cayman Islands to enter a protocol agreement with a U.S. court-appointed receiver to avoid the issues and debate with foreign recognition. More recently we were the first offshore liquidation to create a “center of main interest” and be recognized in U.S. Bankruptcy court.
We have a reputation for quick results and practical advice, working efficiently through the maze of tangled and disjointed alternatives to identify a focused opportunity and solution to the problem. We understand that maximizing the amounts paid to stakeholders is almost wholly dependent on the expertise and knowledge of those persons appointed to administer an estate. Our engagements are carried out by closely managed teams headed by a dedicated director with extensive experience in the relevant areas being addressed. Our people come from a vast number of backgrounds with diverse experience and qualifications.
With over 50 professionals across four offices, each office has a team of independent, dedicated and experienced professionals with practical expertise, global experience and the ability to provide objective, sound advice. The Founder and Chief Executive Officer of KRyS Global, Kenneth Krys, has more than 20 years of experience managing and directing some of the best-known complex international assignments in the Caribbean.
We are sensitive to the fact that victims of fraud and persons caught up in business disputes are looking for professionals they can trust to treat their inquiries discreetly and professionally. KRyS Global has no less than five professionals who are qualified as Certified Fraud Examiners and the only known Certified Specialist in Asset Recovery in the region. Our professionals have extensive experience in international situations involving the use of corporate vehicles and other fraudulent schemes to conceal assets and proceeds of crime. We pride ourselves on our quick turnaround and innovative and focused insights provided to clients. Our hands-on approach and the depth and range of experience of our professionals, along with the delivery of practical solutions ensures our clients receive answers and remedies specifically suited to meet their needs and demands.