KALO APPOINTS NEW MANAGING DIRECTOR IN BVI

Specialist offshore insolvency and restructuring firm, Kalo, has announced the appointment of Charlotte Caulfield as a Managing Director in the firm’s BVI office.

Charlotte joins Kalo after 10 years working in the BVI for another insolvency practice. She has more than 23 years’ experience in the insolvency and restructuring industry between the BVI and London. She specialises in complex, cross-border insolvency matters and has extensive experience in Madoff-related appointments and cross-border instructions related to the investment funds industry. 

Paul Pretlove, Managing Director at Kalo in the BVI, commented: “Charlotte is a fantastic addition for us, she has extensive appointment taking experience on a wide range of complex, international and high profile insolvency matters during her time as Managing Director with another firm. We are delighted to welcome her to our growing team as a third appointment taker enabling us to offer the significantly most experienced senior team in the BVI. She is a well-known name in the offshore insolvency market and her arrival at Kalo signals our strength, commitment to and position within the BVI insolvency market and our intent to continue to be the largest, independent and go-to insolvency practice.”

Charlotte Caulfield added: “The opportunity to join a dynamic firm, with an excellent reputation, was too good to pass-up. Kalo offers a first-class working environment, collegiate culture and the opportunity to work with a respected senior team on some of the highest-profile cases. I am looking forward to partnering with Paul Pretlove and Anna Silver to build on the foundations of Kalo’s considerable success to date.”

Kalo has been involved in a number of high-profile international insolvency and restructuring matters this year. In February this year, two of Kalo’s Managing Directors were appointed as joint “soft touch" provisional liquidators in a landmark case that was described as the first of its kind in the BVI; in March, Kalo was appointed in a landmark case where the courts of the Dubai International Finance Centre recognized the appointment of a Kalo Managing Director as liquidator by the BVI Court. Finally, Kalo announced that it had helped secure a settlement with Madoff Trustee, Irving Picard, which means investors in the Kingate Funds will be able to share in hundreds of millions of dollars of recoveries to compensate them for their losses. 

Kalo is a specialist insolvency and restructuring practice located in the British Virgin Islands and the Cayman Islands. The firm employs 22 professional staff and has six director-level appointment-holders – more than any other offshore insolvency firm.