Kalo to Join Prestigious G36 Organisation
Independent insolvency and restructuring firm, Kalo, has been invited to join INSOL International’s prestigious Group of 36 (G36).
INSOL is a world-wide federation of national associations of accountants and lawyers who specialise in turnaround and insolvency. Membership of the G36 is acknowledgement of the role Kalo has played in shaping significant aspects of offshore insolvency and restructuring case law on some of the most high-profile global insolvency, restructuring and fraud matters to pass through the international courts in recent years.
As a G36 member firm, Kalo will provide significant ongoing financial and intellectual resources to Insol to enable it to carry out its collaboration with major projects that shape the future of global insolvency practice such as:
- The World Bank Principles and Guidelines for Effective Insolvency Systems
- UNCITRAL Model Law on Cross-Border Insolvency
- UNCITRAL Legislative Guidelines on Insolvency Law
- IMF Report on Efficiency Insolvency Procedures
Gordon MacRae, CEO of Kalo, commented: “We live in a word that is more interconnected than ever before. In order for us to operate effectively, we understand the need to have dynamic and robust cross-border restructuring and insolvency solutions at our disposal, no matter where transactions touch the globe.
We hope that through our membership of G36 we can help shape future thinking on best practice for dealing with cross-border insolvency and restructurings across the world, to ensure that stakeholders are fairly protected, and risk is minimised. As the global economy expands, it is critical that we apply a global mindset to restructuring and insolvency matters in order to impact distressed situations positively. We hope to have such an impact through our membership of G36.”
Kalo, which has offices in the BVI and the Cayman Islands, is one of the leading offshore asset recovery, insolvency and restructuring practices. It has been involved in some of the most significant and groundbreaking industry matters in recent years from precedent setting litigation outcomes to novel and effective restructuring solutions. Kalo has become recognised as the go-to independent firm for contentious cross-border insolvency and restructuring appointments.