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KRyS Global secures a landmark decision in US Bankruptcy Court for foreign representatives
ROAD TOWN, Tortola, VI- Kenneth Krys and Charlotte Caulfield of KRyS Global, the British Virgin Islands Joint Liquidators of Fairfield Sentry Limited, secured a significant decision yesterday (October 13, 2015) when US Bankruptcy Judge, Stuart M. Bernstein handed down his decision granting their motion to disapprove the sale of their $230 million allowed SIPA claim in the Bernard L Madoff Investment Securities Inc. liquidation, to Farnum Place (a Baupost special purpose entity) and US hedge fund.
Eastern Caribbean Court dismisses Fairfield's BVI appeals
ROAD TOWN, Tortola, VI- In an important and detailed ruling emanating from the colossal Bernard Madoff fraud, the Eastern Caribbean Court of Appeal has dismissed Fairfield Sentry Limited's appeals and upheld two previous judgments of the BVI Commercial Court. The Court of Appeal found that the restitution claims, brought on the basis of an alleged mistake as to the value of Bernard L Madoff Investment Securities, did not render the contracts between Fairfield and the redeeming shareholder impossible to per
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