The Charities Regulator has applied to the High Court to appoint provisional liquidators to Liberty Recycling. It asked Justice Brian Cregan to appoint Shane McCarthy and Cormac O’Connor of KPMG as joint provisional liquidators. Justice Cregan granted the order. He also granted an order restricting the directors of the charity to operate in the meantime and “urgent orders” to preserve the assets of the charity. Senior counsel for the regulator, James Doherty, instructed by McCann Fitzgerald, told the court that this was only the second time in the regulator’s history that it has intervened in such a way – the…
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