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Full coverage: Insolvency

Debenhams’ workers will not get €11m. But updating the law would mean their fight has not been in vain

Those who lost their jobs when the retailer’s Irish stores went into liquidation one year ago were promised enhanced redundancy, but existing rules means there is no money to pay it. How will the stand-off end?

Ian Kehoe
9th Apr, 2021 - 4 min read

The inside story of how a team of Dublin accountants and lawyers helped save a global airline from collapse

Yesterday morning, KPMG accountant Kieran Wallace finalised a 246-page document detailing how Norwegian Air can be saved from collapse. Obtained by The Currency, the scheme of arrangement gives the inside story of what went wrong, and the new turnaround plan.

Ian Kehoe
12th Mar, 2021 - 6 min read

Chairman of Broderick’s steps down as bidder circles food business

Experienced businessman Peter O’Donoghue steps down from Dublin confectionery maker to avoid a conflict of interest. It marks the latest twist in Broderick’s saga.

Tom Lyons
5th Feb, 2021 - 2 min read

Settlement reached over Tidey asset transfers

Assets including a high-profile property in south Co Dublin were at the centre of a multi-million legal battle between the state's bankruptcy trustee and businessman Alistair Tidey – until the dispute was settled out of court.

Tom Lyons
25th Jan, 2021 - 2 min read

Dividends, debt and DunPort: The €14m deal to save the Cara Pharmacy Group from insolvency

Patrick McCormack, the former boss of the McCauley pharmacy chain, is leading the consortium to buy Ramona Nicholas’s Cara chain from insolvency. Here, we reveal how much money is being invested, how much is being written down and the future plans for the chain.

Tom Lyons
8th Dec, 2020 - 3 min read

Dragon is out as former McCauley boss moves to take over Cara pharmacies

In September, Ramona McNicholas’s chain of chemists went into examinership as creditors bayed for €3.7 million. Now another pharmacist turned businessman is getting ready to take her place.

Thomas Hubert
4th Dec, 2020 - 2 min read

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
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