KALO ADDS SENIOR ADMINISTRATOR TO BVI TEAM
Kalo welcomes Leanne Passant to the team as a Senior Administrator in the firm's BVI office this month.
Following a busy first half of the year, Kalo is in the process of expanding its BVI team, in order to service a growing number of new cross-border insolvency instructions. Leanne joins Kalo with more than eight years’ experience in corporate recovery, corporate restructuring and insolvency. She also holds a Certificate of Proficiency in Insolvency and a BA (Hons) degree in Economics for Business.
Paul Pretlove, Managing Director, commented on the new appointment: “Leanne is a great addition to our BVI team. She has a good understanding of the jurisdiction and has the right skills, background and experience to handle the range of complex cross-border insolvency and restructuring matters on which we are routinely instructed. We are all very much looking forward to having Leanne on-board and know she will hit the ground running and be a great addition to our busy team.”
Leanne Passant added: “It is great to be back working in the BVI and in particular to be joining Kalo. The firm has a great reputation and I’m looking forward to working on some high-profile insolvency and restructuring matters alongside the experienced directors and their team. The opportunity to work on high-profile, cross-border insolvency matters is what attracted me to Kalo. The firm has built a great reputation over the last few years and is known as the go-to independent insolvency practice in the BVI.”
Kalo is an independent insolvency practice with offices in the British Virgin Islands and the Cayman Islands. The firm has been involved in a number of high-profile international insolvency and restructuring matters this year, which have included some industry ‘firsts’. 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, last month Kalo announced that it had helped secure a settlement with Madoff trustee, Irving Picard, which will mean investors in the Kingate Funds will be able to share in hundreds of millions of dollars of recoveries to compensate them for their losses.