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...
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