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Full coverage: Insolvency

Drugs, lawsuits and billions of dollars: Behind the scenes at Ireland’s largest ever insolvency

Mallinckrodt, a 155-year-old US pharmaceutical manufacturer, came to Ireland in 2013 to set up an intricate corporate and tax structure. After thousands of legal actions threatened to shut it down, its salvage deal has just cleared an Irish examinership.

Thomas Hubert
28th Apr, 2022 - 4 min read

Bidders, redundancies, and reconfiguration: The battle to salvage an Irish magnesium manufacturing plant

Quoted Australian company Calix was set to acquire Co Louth firm Premier Periclase out of examinership. However, it has now pulled out due to spiralling gas prices and the only other bidder wants to reduce its 94 staff by 66%. What happens next?

Ian Kehoe
13th Apr, 2022 - 6 min read

Litany of failures: Dolphin Trust unit’s liquidator issues legal letters to 13 parties

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.

Tom Lyons
1st Apr, 2022 - 5 min read

Deloitte ends talks to sell insolvency practice to Interpath

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.

Tom Lyons
25th Mar, 2022 - 1 min read

Unfinished business from the Doonbeg golf resort

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.

Francesca Comyn
18th Feb, 2022 - 4 min read

Fraud claim raised by liquidator of Roscommon “super car” dealer

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.

Francesca Comyn
14th Feb, 2022 - 2 min read

XS Direct was a small domestic business operating in a massive sector that has long been dysfunctional

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.

Ian Kehoe
7th Jan, 2022 - 5 min read

As it finalises its Chapter 11 in Delaware, Mallinckrodt is lining up an Irish examinership

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.

I. Kehoe and T. Hubert
7th Jan, 2022 - 4 min read

An accounting scandal at a UK cafe chain rumbles on. Three years on, how is it doing for its new Irish owners?

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.

Thomas Hubert
28th Sep, 2021 - 5 min read

After 22 years and €59m in losses, Irish TV tech firm Emuse is calling in a liquidator

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.

Ian Kehoe
10th Sep, 2021 - 3 min read
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