The former directors of Dolphin Mut 116, an Irish vehicle used to funnel millions of Irish pension money into German Property Group, formerly Dolphin Trust, are facing legal proceedings over their handling of the company. The demise of GPG’s global network of companies in 2020 left international investors exposed to the tune of around $1 billion.
Seamus Kearney will remain a board director of Valeo and he continues to have a significant investment in the business. "I remain incredibly passionate and excited about the future for Valeo Foods," he said.
Carey claimed to be due an insurance payment, so asked the entrepreneur for a short-term loan. However, the Kilkenny hurling star never repaid it.
It was a tax-friendly property deal. Nine investors, including former Davy CEO Tony Garry, signed up to invest in a quayside Limerick development in 2005 with no personal recourse on a multimillion bank loan, they claim. Everyday Finance disagrees and is now chasing them for nearly €2.5m.
The deal presented as a routine private equity capital raise by the Tipperary agtech company late last year was anything but. There are big names – and big plans – involved.
Between 2015 and 2022, market rents increased by almost 75%, while in the same period, rents for sitting tenants increased by just 19%. And based on my analysis, Ireland is missing between 200,000 and 250,000 rental homes.
The lineout will be a key battle in the tactical war at the Aviva. Ireland will have a plan to restrict France's attacking ambitions.
The Data Protection Commission has recently handed down over €1bn in fines against Meta-owned companies for privacy breaches under GDPR. The latest against messaging service WhatsApp is a drop in the ocean by comparison at €5.5 million. Yet it too is now subject to legal challenge.
Simon Coveney has just returned from the US, where he met 14 tech multinationals. In an in-depth interview, the enterprise minister argues against the negative narrative enveloping the tech sector and also reveals the issues that US executives raised.
Michael Halford has trained horses for the Aga Khan and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. However, his operating company is now in liquidation and documents reveal how much debt it has left behind – and to whom it is owed.
© 2025 Currency Media Limited
