Full coverage: Mut 103

When German property investment scheme Dolphin Trust collapsed in 2020, Irish investors were left millions out of pocket. Can the UK courts illuminate where the money went?

The official liquidator of MUT 103, an investment vehicle used to channel money into the collapsed German Property Group (GPG), has lodged legal proceedings against three companies and seven individuals. Investors are owed around €42 million.

A new report shows the security on Dolphin Trust property assets outside Berlin and Munich could prove a flashpoint between liquidators acting for different groups of Irish investors.

The High Court has confirmed the appointment of liquidators to Dolphin investment vehicle Mut 116 as Irish investors face over €100 million in losses.

The High Court is to rule today on Cork pensioner Kathleen Dineen's High Court petition to wind up Mut 103, the Irish affiliate of collapsed German property fund Dolphin Trust, aka German Property Group (GPG). Dineen is one of around 1,800 Irish investors left out of pocket by the group's demise.