Regional news: Ireland
Blockchain finance network enters liquidation in Ireland after failed investment
Interpath Advisory managing directors Kenneth Fennell and Andrew O’Leary have been appointed as joint liquidators of an Irish software company that has struggled since a multi-million-euro investment from Bank of America fell through earlier this year.
09 March 2023
Garuda wins Ch15 recognition but Irish lessors prepare for fight
Indonesia’s national airline has secured US recognition of its US$9.5 billion restructuring plan, but two Irish lessors said they will resist attempts by the company to seek enforcement orders.
27 October 2022
US resident fails to enforce bankruptcy stay against Irish creditors
Preventing a potential stand-off with the Irish courts, a US appeals court has denied a request by an Irish citizen resident in Illinois to enforce a Chapter 11 stay against his Irish creditors.
22 September 2022
Irish court annuls Estonian businessman’s bankruptcy for disclosure failure
A day before an Estonian businessman was due to be automatically discharged from bankruptcy in Ireland, a court has annulled the June 2021 order declaring him bankrupt because he did not disclose he was already subject to an Estonian proceeding.
01 July 2022
Ogier expands into Ireland
Offshore firm Ogier has merged with Dublin-based Leman Solicitors to develop its offering in Ireland, as one of its new partners tells GRR the market is primed for an increase in non-contentious restructurings.
31 May 2022
EU court rejects Ryanair challenge against Condor state aid
Ireland’s Ryanair has lost its challenge to the German government’s bailout of Frankfurt-headquartered airline Condor after the collapse of its parent Thomas Cook.
20 May 2022
Ireland opts in to updated EU regulation annexes
Ireland has belatedly opted into the updated version of the recast European Insolvency Regulation, and will now automatically recognise the new Dutch and German schemes along with a host of other new and expected European restructuring tools in the regulation’s revised annexes.
16 May 2022
Mallinckrodt secures approval of Irish scheme
Irish-US drugmaker Mallinckrodt has secured approval of its Irish scheme of arrangement, after the High Court in Dublin dismissed an unsecured creditor’s claim that the company’s Chapter 11 plan is “unfair and inequitable”.
28 April 2022
Interpath plans expansion into Ireland with six hires from Big Four firms
Interpath Advisory has announced it is planning to open a practice in Ireland in June, recruiting senior insolvency practitioners from Deloitte and KPMG.
22 April 2022
Nordic Aviation Capital obtains US plan approval
Aircraft lessor Nordic Aviation Capital has secured sanction of its third amended Chapter 11 plan in the US and aims to exit bankruptcy before the end of May, completing a multi-faceted post-pandemic restructuring that began with an Irish scheme of arrangement in 2020.
21 April 2022