Freshly Chopped Ltd only recently entered the Scarp insolvency process over financial challenges faced by the four locations. Several interested parties are now looking to acquire the company operating them.
Wiped of billions in debt, the Irish-headquartered pharmaceutical manufacturer has been given a second clean slate in as many years. The court was told the circumstances that pushed the group into financial difficulties this time round were unlikely to recur any time soon.
Interim examiners were appointed to pubs owned by businessman Colm Wu. An independent expert report has found a "concerning disregard for both internal control measures and adherence to Company Law" in one of his companies.
An interim examiner has been appointed to the Cornstore steakhouses in Cork and Limerick and the more casual Coqbull restaurant chain. The move means receivers appointed by a Swedish fund to the insolvent businesses last Friday will be stood down.
The majority owner of the Barryroe oil field off the coast of Cork staved off bankruptcy with an examinership bid last July. Now Larry Goodman plans to green the company in an investment plan before the High Court.
The medtech firm began to shed money until there was literally "no more gas in the tank". The appointment of an interim examiner by the High Court today has triggered eleventh-hour working capital funding that will pay staff and keep the business afloat.
The Irish medtech, which has suffered multi-million losses since its IPO in 2021, is seeking court protection from its creditors. Unusually for such a petition, it is so cash poor it can't even fund itself through the 100-day examinership process.
Tax warehousing was introduced to help businesses struggling with cash flow during Covid-19. But an unforeseen repercussion of the scheme means the Revenue Commissioners may get burnt. A lawyer looks at the implications of an examinership.
Mallinckrodt PLC is the Dublin-based headquarters of the global drugmaker that is facing a second run at insolvency proceedings in Ireland and the US. The Irish company, used as a tax and IP base for the group, is described in court filings as the "nerve centre" of the operation.
The High Court has reserved its decision on whether to approve a scheme of arrangement for the insolvent construction firm. The salvage proposals are opposed by the Revenue Commissioners which is facing a €13 million write down on warehoused debt.
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