A relatively low-profile company, Qualtrics has a global footprint and thousands of household name brands on its books. Just as it opens its 500-person EMEA headquarters in Dublin, it is preparing to sign on the dotted line for a $12.5 billion private equity deal.
The auction house was happy to foot a €250,000 Vat bill on importing two consignments of art because it expected to be able to claim a deduction for it in its next Vat return. Things did not work out to plan.
Mac Interiors, an award winning high-end construction firm, has successfully petitioned the High Court for interim protection from its creditors.
Two insolvent Irish companies in the Russian leasing group GTLK have ceased trading and have no source of funds, the High Court has been told. They owe hundreds of millions and will soon owe hundreds of millions more. Tomorrow the court will decide whether to pull the plug on them.
A company founded by businessman Gerry McCaughey promised to change the way that America built its houses, but things didn’t go quite to plan. It lost $40 million and was shut down.
The final report of the commission is expected to say it is prepared to pay only €5m in third-party legal costs, a fraction of the sum being sought by the dozens of witnesses who appeared before it.
If two GTLK firms collapse, it will be the largest winding up in the history of the state. And sanctions will be to blame. But the Russian state-owned Irish companies are fighting back with a rescue plan involving a $1.5bn bond bail out by Vladimir Putin.
The Naked Collective, a healthy drinks company founded by Niall Phelan and Cat Butler, was plotting an international expansion. However, it has now summoned creditors to a meeting to wind up the business.
We can now see the full-year effect of the software multinational’s green jersey structure. Multi-billlion-dollar intellectual property located in Dublin has erased its corporation tax bills for years to come.
As the first Irish offshore wind projects secure a route to market, global lenders and institutional investors are showing unprecedented interest in the industry. Yet many boxes have yet to be ticked before capital starts flowing in.
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