Revenue row: Liquidator fails to block ODCE referral over €40,000 withdrawal
The Court of Appeal sent papers to the corporate watchdog for review after Anthony J Fitzpatrick said he inadvertently failed to disclose the withdrawal of money from the liquidation account of a Galway restaurant. The accountant tried to appeal the move.
17th Sep, 2021 - 3 min read
The high cost of liquidation: The pharmaceutical trademark, the Belize shareholder and liquidator misfeasance
Having sold a valuable pharmaceutical trademark for €1.2m, shareholders at Chempro Investments decided to liquidate the company and reap the financial rewards. It was supposed to be routine. Then they discovered most of the money was gone.
3rd Dec, 2020 - 8 min read
A financial blackhole in Drumcondra: The story of how a credit union came unstuck
Unbeknown to its members, Drumcondra Credit Union spent years struggling with an impaired loan book, an over-valued property and a black hole in its reserves. This is the inside story behind the credit union's insolvency.
24th Sep, 2020 - 14 min read
A Polish problem: Shareholder rows, foreign litigation, and “nightmare” tenants
In 2008, a liquidator was hired to wind up a prosperous Irish owned printing business whose shareholders had fallen out. It was meant to solve their problems. Then the liquidator found himself in the firing line.
5th Aug, 2020 - 14 min read
Falling stock: Counting the cost of high street fashion’s Covid reckoning
When the retail chain Monsoon Accessorize went to the wall last month, the liquidator had to figure out what to do with all the Irish stock. Sell it on obviously. But to whom and at what discount?
29th Jul, 2020 - 10 min read
A failed car dealership accused of money laundering allegedly ran its business from a gmail account. Should Google hand over the contents to the liquidator? The High Court must decide.