Only a fraction of the €42m raised from Irish investors through an investment vehicle into a collapsed German property scheme is likely to be recovered, Myles Kirby has said in an update to creditors on the “complex” liquidation.
Private equity-backed Interpath still has big plans to launch in Ireland, having hired five senior insolvency partners from KPMG and Deloitte. But talks with Deloitte to buy a team of people are over.
Gaps and inconsistencies in company records have complicated the liquidation of Doonbeg Holdings, the former owner of the five-star golf resort now controlled by Donald Trump.
The former directors of a luxury car importer and exporter are being pursued for the tax debts of the company, which are said to exceed €2 million.
XS Direct has ceased renewals for both direct customers and brokers in Ireland. It is not the first player to exit the market here. And given the malfunctioning industry, it will certainly not be the last.
A New York-listed pharmaceutical multinational is seeking approval from US courts to emerge from a crushing pile of debt and litigation. The next steps will play out in the High Court in Dublin, where the firm is formally registered and owns billions of dollars' worth of intellectual property.
Dublin private equity firm Causeway Capital bought Patisserie Valerie out of administration following a collapse that has just seen the UK chain's former auditors fined over £2 million. It has not been an easy ride, but the new owners say they can turn the business around.
The company’s technology has been used in campaigns for Barbie, Audi and the Pirates of the Caribbean: At World's End movie. But facing mounting losses and the exit of a key client, Emuse is collapsing into liquidation.
Dublin company M-Birr built a huge mobile money business in Ethiopia and secured a string of major shareholders. However, it has now collapsed and is currently up for sale. This is the story of what went wrong for the Irish company.
The online education company is facing angry creditors for a second time. The High Court has given an examiner time to turn it around.
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