Compromise deal agreed on legal and professional fees in Mac Interiors case

Counsel told the court that a deal had been reached on fees related to the failed examinership

Kieran Wallace, managing director of Interpath Advisory, wanted the High Court to approve a payment of nearly €1 million. Picture: Rollingnews

A discount of around €300,000 has been agreed in the ongoing tussle over legal and professional fees in the unsuccessful rescue plan of Mac Interiors, the Newry-based construction and fit-out firm.

The High Court heard on Friday morning that the parties had agreed a “significant compromise” on “commercial terms” over how much in fees should be paid to the lawyers and insolvency practitioners involved in the failed examinership.

As reported by the Business Post, Kieran ...