Monday April 6, 2020

Receiver appointed to firm in Magnier action

The High Court in London has appointed a receiver to the company at the centre of a multimillion euro case between businessman John Magnier and Laing O’Rourke, the Irish owned building firm.

14th February, 2009

Explore Investments, a special purpose vehicle established by Laing O’Rourke to complete a deal with Magnier, is now set to be wound up and its assets liquidated. Two Dutch-registered investment vehicles controlled by Magnier are the largest creditors of Explore.

The appointment of the official receiver followed a court petition by Laing O’Rourke, and comes just weeks after Magnier secured summary judgment for €3.5 million against Explore. The receiver will now organise a...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 3 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago