Kalo Promotes Toni Shukla To Senior Manager in the BVI

Independent insolvency and restructuring firm, Kalo, has promoted Toni Shukla in the firm’s BVI office to the position of Senior Manager.


Toni has been working for Kalo for almost two and a half years, prior to which she spent over 12 years working at a global top 10 accountancy firm. She is a Licensed Insolvency Practitioner (non-appointment taking) in the United Kingdom, a member of the Insolvency Practitioners Association (UK) and the Recovery and Insolvency Specialists Association (BVI).


During her 15 year career, Toni has gained extensive experience working with and for stakeholders to recover assets both domestically and internationally. She specialises in fraud investigations and complex cross border assignments, and has experience of working on engagements across a number of jurisdictions including Africa, Cyprus, Dubai, Malta, Russia, United Kingdom, and USA.  In 2019, she led a groundbreaking liquidation engagement which resulted in the first recognition of a foreign insolvency proceeding by the Dubai International Finance Centre Court. In the same year, she also led a liquidation which resulted in the Court of Appeal of the Eastern Caribbean Supreme Court affirming that liquidators are able to obtain retrospective sanction from the Court in the British Virgin Islands.


Paul Pretlove, a managing director with Kalo in the BVI, said: “We are delighted to be able to recognise and celebrate Toni’s progression within the firm as one of our senior team, having gone from strength to strength in her time with us. Toni has a huge amount of experience in insolvency and restructuring and demonstrates the strength we have across our impressive team. Toni has continued to develop the reputation she has built in her career as an extremely technical and accomplished practitioner who enjoys and thrives on the asset recovery and fraud investigation aspects the role. We expect Toni to continue to thrive and grow with us and look forward to enjoying the achievement of those further milestones with her.”


Toni commented on her promotion: “I am excited to be part of the future here at Kalo and to work with some of the most well respected insolvency practitioners in the Caribbean. As part of the largest team in the British Virgin Islands, I have been fortunate to work on both high profile and ground-breaking assignments. I am looking forward to us continuing to break new ground and to lead the charge in the insolvency and restructuring field .”


Kalo is a specialist insolvency and restructuring practice with offices in the British Virgin Islands and the Cayman Islands. The firm employs 22 professional staff and has seven senior appointment-takers. Kalo’s experienced team has been involved in many of the most high-profile offshore insolvency and restructuring matters over the last 10 years.