Regional news: Ireland
Irish property developer overturns bankruptcy payment order
Property developer Sean Dunne, who was declared bankrupt in Connecticut and Dublin seven years ago, has overturned a 2018 order requiring him to pay €7,000 a month for the benefit of creditors in his Irish bankruptcy.
10 May 2021
IWIRC bolsters European offering
The International Women’s Insolvency & Restructuring Confederation has announced plans to expand its presence in Europe after launching a new chapter in Ireland on the same day it kick-started its Europe network.
28 April 2021
Irish court explains repudiation of Norwegian Air’s leasing contracts
A month after approving Norwegian Air’s schemes, an Irish court has handed down its reasons for allowing the airline to repudiate some of its aircraft leasing contracts, finding the terminations were not prohibited by the Cape Town Convention.
23 April 2021
Millions of creditors can vote on subprime lender’s English scheme
A UK personal credit provider has secured permission to poll as many as 4.2 million creditors on a scheme of arrangement, but it faces opposition from the Financial Conduct Authority.
22 April 2021
Norwegian Air restructuring approved in Oslo
An Oslo court has approved Norwegian Air’s restructuring plan after parallel schemes of arrangement were sanctioned in Ireland, paving the way for it to eliminate about US$3.6 billion of debt.
13 April 2021
Norwegian Air schemes approved in Ireland
An Irish court has sanctioned schemes of arrangement for Norwegian Air, paving the way for the airline to exit examinership as it awaits a creditor vote on its restructuring in Norway.
29 March 2021
Vehicle linked to collapsed German Property Group wound up in Ireland
An Irish vehicle created to invest in historic German real estate has been wound up by the High Court in Dublin, eight months after a property group it put money into collapsed in Germany amid “profoundly worrying allegations”.
23 March 2021
Norwegian Air files plans in Dublin and Oslo, seeks US recognition
Oslo-listed Norwegian Air and one of its Irish subsidiaries are seeking Chapter 15 protection for their US assets while the group's creditors are set to vote on restructuring plans filed in Dublin and Oslo last week.
15 March 2021
Appleby advised Arcadia administrators in Jersey, Guernsey and the Isle of Man
A court decision published in Jersey shows how offshore firm Appleby helped the joint administrators of British retail tycoon Philip Green’s Arcadia Group obtain recognition in the Channel Islands and the Isle of Man, before his fashion empire was sold off.
24 February 2021
Arthur Cox and Matheson acting as Arcadia companies wound up in Ireland
Deloitte partner Ken Fennel and director James Anderson have been formally appointed as the joint liquidators of four Arcadia group operating companies in Ireland, while its Evans brand has been sold to an Australia-listed retailer.
22 December 2020
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