John Royle is a director of Grant Thornton Specialist Services in the Cayman Islands with over 22 years of insolvency and asset recovery experience. John acts as an official liquidator or receiver of entities/assets by appointment of the Grand Court of the Cayman Islands. John’s appointments have involved contentious disputes, and identifying and liquidating assets across several jurisdictions with investigations into allegations of fraud, mismanagement and misappropriation.
John is the receiver of Axiom Legal Financing Fund, which was the first UK cross-border recognition of a Cayman receivership. Successful recognition facilitated litigation strategies including a subsequent worldwide freezing order against numerous defendants in the UK, Isle of Man and the Marshall Islands. As a result, asset recoveries were generated from Barbados, the UK, the Isle of Man, Canada, the Cayman Islands, Switzerland and France.
As the leader of the Cayman Island’s Football Association forensic investigation, John and his team conducted the forensic accounting tracing analysis of over 15 bank accounts with more than 15,000 transactions in excess of US$20 million.
John is also the receiver of a share in a Cayman holdco which holds over $500 million of assets in the structure. Assets and subsidiaries are located in the Cayman Islands, the Isle of Man, the USA, Switzerland and Curacao. Recognition of the receivership order of the share in the holdco has been obtained in Switzerland which has assisted in the preservation of value.
John also leads and acts as a voluntary liquidator of numerous Cayman Islands entities and has led local Cayman forensic engagements.John is a JIEB-qualified insolvency practitioner and chairman of the education committee of RISA (Cayman’s affiliation to INSOL).