Wednesday September 23, 2020

Guidelines drawn up for financially stricken firms

A High Court judge has set out guidelines for rescue schemes for companies with financial problems, after identifying recurring ‘‘difficulties’’ in applications for examinership.

15th March, 2008

A High Court judge has set out guidelines for rescue schemes for companies with financial problems, after identifying recurring ‘‘difficulties’’ in applications for examinership.

Mrs Justice Mary Finlay Geoghegan was delivering a ruling in the case of McEnaney Construction, the Louth firm behind the €200 million M1 Euro Park, which was expected to employ up to 2,000 people.

Michael McAteer was appointed examiner of the company on January 11.

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