Regional news: Ireland

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

Restructuring and Insolvency in Ireland under Covid-19

Featured in Europe, Middle East and Africa Restructuring Review 2020

15 December 2020

Norwegian Air wins bankruptcy protection in Norway

Norwegian Air has entered a formal restructuring process in Norway to run parallel to its Irish examinership, and announced an agreement to convert over €7 million of debt into equity.

09 December 2020

VTB secures winding-up order against Hong Kong company

The Swiss branch of Ireland-registered VTB Commodities Trading has won a winding-up order against a Hong Kong company that owes it substantial US dollar and Euro denominated debts.

08 December 2020

Norwegian Air announces new restructuring plans

Two weeks after it sought bankruptcy protection in Ireland, Oslo-headquartered Norwegian Air has laid out plans to pursue debt-for-equity swaps with several groups of creditors.

04 December 2020

Nortel’s Irish and Italian arms to end administrations

Nortel Networks has moved another step closer to finalising its UK administrations after the joint administrators of its Irish and Italian arms secured termination and discharge orders from the High Court in London.

30 November 2020

Matheson and William Fry advising as Norwegian Air enters Irish examinership

Two major subsidiaries of Oslo-headquartered Norwegian Air have entered examinership proceedings in Ireland, one week after Norway’s government refused to grant it further financial assistance following a bailout earlier this year.

19 November 2020

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