Kyko & Ares SSG
December 22, 2020
Joint Statement by Kyko Global Inc. and Ares SSG Capital Management (Hong Kong) Limited Regarding Past Litigation
Ares SSG and Kyko Global have reached a mutually agreeable resolution to a long-running legal dispute, with both parties dismissing all legal actions against each other. The dispute related to issues about SSG’s investment interests in corporate bonds issued by Prithvi Information Solutions, an Indian corporation, more than a decade ago. Recent exchange of information and discussion among the parties have clarified those issues to the mutual satisfaction of the parties with each party determining that no wrongdoing was committed by the other. As a result, Kyko has withdrawn its legal claims and past public statements and SSG has rescinded its counter suit.