Swiss Re was one of a number of reinsurers to provide insurance bonds to Joe Walsh Tours, the Irish travel agency and tour operator that collapsed earlier this year. Now, the Swiss finance giant is now going to the High Court in search of its money.
Brian McKiernan and five other former executives are on the exclusive list of those who both benefited from the infamous deal that saw Davy fined €4m, and now stand to reap rewards from the resulting sale of the firm.
The Waterford toll road has underperformed since it opened in 2009 as a public-private partnership. Now it has new owners and wants creditors to write down millions in secured debt.
Ferdinand Roberts has founded, run and invested in a range of businesses such as Saas Markets and Manna. But during lockdown, he decided to launch a new venture, Asset Class. Within months, the fintech had raised $3m and was growing internationally.
The N25 motorway toll features a spectacular toll bridge over the River Suir in Waterford. Loss-making and underperforming from the start, it is now being acquired by two of its secured lenders. So, just what happened?
Oliver Farry reports from Hong Kong on the increasingly hostile climate for journalism and a city becoming increasingly authoritarian.
Many people's lives are put on hold for the eight weeks of Love Island, but let's not forget how the pandemic affected hot people, Kate Demolder writes, as she welcomes back the cultural phenomenon.
Noel Furlong excelled in business, but the man who died last week achieved a lot more, notably in Las Vegas and Cheltenham.
After an eight-year battle, the bank and the former directors of Belfry have put a deal on the table to a group of investors who fought a long battle.
The High Court has refused to freeze asset sales in the Davy Hickey dispute, finding an injunction would require shareholders to bear the risk that "property prices may fall as well as rise".
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