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Full coverage: Kieran Wallace

From €21bn to closure: The final chapter of IBRC’s loan portfolio

IBRC's liquidators started with tens of thousands of loans with a face value of €21bn secured on assets around the world. Now, years of legal wrangling, international property sales, and headline-making borrowers have led to the final sale – and the end of an era in Irish banking.

Tom Lyons
19th Dec, 2025 - 3 min read

“No good reason” why Kieran Wallace should not be joint liquidator of Steelworks

Justice David Nolan in a judgement today says that Jeff Leo has “very serious questions to answer,” in relation to a business called Steelworks. He also described interest rates charged by Cabriz Finance to a Steelworks subsidiary as "truly eye-watering.”

Tom Lyons
5th Sep, 2025 - 3 min read

The Butler brothers are going to be restricted as directors. What happened?

Ciaran and Colum Butler are to be restricted from company directorships following a High Court ruling over a failed Starbucks lease in Dublin 2. What happened, and what did the judge say about some of Ireland’s top insolvency experts?

Tom Lyons
26th Jun, 2025 - 8 min read

“Robbed of our economic interest”: How a maze of investments and asset transfers sparked a legal tussle

Wealthy Ohio chicken farmers Mary and James Wenning say they invested funds with Jeff Leo and trusted him when he told them to transfer their share interests. Now they claim he usurped their voting rights, leaving them millions out of pocket.

Francesca Comyn
28th Feb, 2025 - 7 min read

It was fashioned as a silver bullet for struggling small companies. Is Scarp working?

New data shows what type of companies are availing of Scarp, how they are financing rescue plans, and whether owners retain control after the restructuring process.

Ian Kehoe
1st Jul, 2024 - 5 min read

There were 140 million reasons for AIB to appoint a receiver over The Square in Tallaght

Oaktree is having a bad time in Ireland. First, Pimco took control of two of its high-profile office blocks. Now, AIB has moved on its major Irish retail investment, The Square in Tallaght. What is going on?

Ian Kehoe
23rd May, 2024 - 2 min read

The collapse of Debenhams: One of the longest-running disputes in Irish labour history takes a new twist

The liquidators of the collapsed department store chain are appealing a decision by the Labour Court in relation to payments to 800 former workers. The decision reignites a contentious battle between the liquidators and former employees.

Ian Kehoe
10th May, 2024 - 2 min read

Interpath makes €3m loss in first financial accounts but plans to hire 40 more by end of 2025

As it settles into new offices and prepares to cross the 100-staff mark, the advisory firm, which separated from KPMG in 2022 has released its first financial results in Ireland.

Tom Lyons
29th Feb, 2024 - 2 min read

Warehoused debt is unsecured debt: Mac Interiors gives Revenue a €13 million headache 

The Revenue Commissioners has found itself in the unusual situation of being an unsecured creditor and it is objecting to a scheme of arrangement for the Northern Irish fit out firm that will see it take a multi-million debt writedown.

Francesca Comyn
20th Sep, 2023 - 3 min read

A good fit: NI construction firm to salvage Mac-Interiors

Derry-based construction company Errigal is to invest in the award-winning fit-out firm in a move that will likely take Mac-Interiors out of examinership. Creditors will get to vote on the investment deal later this month.

Francesca Comyn
2nd Aug, 2023 - 2 min read
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