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Full coverage: Insolvency

Dylan McGrath holds onto control of his restaurants as battle between tycoons ends

Chef Dylan McGrath could at one stage have lost control of two prime restaurants in his empire. A legal battle between wealthy businessmen loomed but now peace has broken out.

Tom Lyons
11th Sep, 2023 - 2 min read

Iceland to go into liquidation after talks with Tesco melt down

Iceland employs 344 people in 26 outlets. The Irish company behind it was close to being rescued by the British retail giant before it all fell apart today.

Tom Lyons
7th Sep, 2023 - 2 min read

Stalled in planning for six years, a Killiney site controlled by Greg Kavanagh has gone into receivership 

Greg Kananagh's company Conskig has tried for six years to get planning permission to develop the site in south county Dublin. Now Lotus has taken it over through the appointment of a receiver.

Tom Lyons
21st Aug, 2023 - 2 min read

An American fund giant has appointed receivers to a Mainstream financing vehicle

Irish-founded renewables firm Mainstream is in a $313m debt dispute with Ares Management. The legal row just stepped up a notch.

Tom Lyons
25th Jul, 2023 - 1 min read

Ray of light for Solar 21 as investors could get €23m more

Talks between the beleaguered renewable energy company and the brokers representing its investors have delivered improved terms described by the law firm acting for brokers as "the best possible outcome".

Tom Lyons
14th Jul, 2023 - 2 min read

Garda investigation under way as Altada deficit set to hit €20m

The liquidator of the Cork-based technology company has also told creditors that settlement talks are under discussion in relation to separate proceedings.

Tom Lyons
5th Jul, 2023 - 4 min read

Pioneering insect farming start-up secures rescue plan

Hexafly has piloted a promising way of harnessing flies to convert waste into feed and fertiliser but, having failed to raise fresh funds, it is taking a new direction.

Thomas Hubert
5th Jul, 2023 - 2 min read

In the early months of the pandemic, Blackbee pushed clients into office and nursing home debt

With offices shut and nursing homes locked down, Blackbee directed clients into the credit of offices and nursing homes. An update to clients shows how the investments are performing.

Sean Keyes
23rd Jun, 2023 - 4 min read

No clear path forward for Solar 21 investors, lawyers say

Law firm Crowley Millar has said it is concerned investors might feel under pressure to approve the restructuring scheme proposed by the company and this could “sow seeds of mistrust amongst the investors and the brokers”.

Tom Lyons
16th Jun, 2023 - 2 min read

Major Irish-owned UK construction contractor enters administration

Henry Construction Projects had over £400 million in revenue in 2021 and is led by its founder, Irishman Mark Henry.

Tom Lyons
13th Jun, 2023 - 2 min read
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