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Full coverage: Insolvency

Uncharted waters: Broderick’s contentious examinership battle nears the finish line

A minority family shareholder was accused in the High Court of going on a “wrecking mission” as Broderick's main stakeholder positioned itself as a steady hand on the tiller.

Francesca Comyn
26th Nov, 2020 - 6 min read

A bitter pill: Behind the scenes at the embattled Cara Pharmacy Group

Ramona Nicholas and her husband Canice wanted to build an international chain of 100 pharmacies. Instead, confidential documents reveal the true scale of the company’s financial woes, including a history of losses, debt, and creditor default. Can it now be saved?

I. Kehoe and T. Hubert
8th Sep, 2020 - 12 min read

Desmond takes a grip on touch-screen tech firm by appointing a receiver

Rapt Touch hoped to crack the multi-billion-euro touch-screen technology market but found things hard-going. Its biggest backer, Dermot Desmond, has now appointed a receiver to two firms behind it.

Tom Lyons
28th Aug, 2020 - 3 min read

30 years on from Goodman’s collapse, examinership has stood the test of time

Three decades ago this week, the Oireachtas rushed through emergency legislation to save Larry Goodman’s beef processing empire, triggering Ireland’s first-ever examinership. A lawyer who was in the room looks back on the process that kept the Goodman Group afloat – and many businesses since.

Willie Day
28th Aug, 2020 - 5 min read

“You can’t put an entire economy into hibernation for a sustained period and not expect a huge fallout”

Former Arthur Cox boss Eugene McCague was a top corporate insolvency lawyer during the recession of the 1980s and the financial crash a decade ago. He believes the current crisis will leave deep scars, particularly in retail, hospitality, and travel.

Ian Kehoe
24th Aug, 2020 - 6 min read

With their business left nursing debts of €4.1m, the owners of House of Ireland thanked their staff and expressed regret

A series of companies connected with the retail were liquidated today, with its owner pointing to the pandemic and the collapse in future tourism. Most of the money is due to the family behind the business.

Ian Kehoe
20th Jul, 2020 - 1 min read

Insolvent Debenhams faces legal action by vulture fund landlord

When US investment firm Marathon Asset Management swooped in on Irish property after the financial crisis, three Debenhams stores entered its portfolio. The landlord is now suing the retailer.

Thomas Hubert
5th Jun, 2020 - 2 min read

Vernon Catering exits examinership with Cox family rescue

A High Court judge has approved a plan combining creditor haircuts and investment by Thurles Wholesale Cash and Carry, the company owned by the Kildare-based Cox family of grocery wholesalers.

Tom Lyons
4th Jun, 2020 - 2 min read

Interim Examiner appointed to insolvent Maximum Media in Ireland following court move by Beach Point Capital

KPMG has been appointed as interim examiner to the Niall McGarry-founded business following a move by the debt financier Beach Point. The examiner now has 100 days to save the publisher behind Joe.ie and Sportsjoe.ie.

Tom Lyons
15th May, 2020 - 3 min read

Losses, liabilities and a £200 million group debt default threat: how Debenhams’ Irish stores hit the wall

Court documents reveal that the retailer failed to stem losses in the year prior to the Covid-19 pandemic and is now exposed to loan charges contracted by its troubled UK parent.

Thomas Hubert
13th May, 2020 - 3 min read
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