Legal

Liquidators in Dolphin Trust-linked case reach settlement

The liquidators have reached a €5.25 million settlement with a number of defendants

The corporate headquarters of German Property Group, formerly called Dolphin Trust, in Langenhagen, Germany. Picture: Alexander Koerner/Getty Images

The liquidators of a Dolphin Trust-linked company have reached a €5.25 million settlement with a number of the defendants in a High Court case launched earlier this year.

Dolphin Trust, which was renamed German Property Group (GPG), collapsed in 2020 with €1.5 billion in savings from investors in Ireland, the UK and other countries.

The settlement will be split 60/40 between the two special purpose vehicles (SPVs) set up to channel investment in GPG.

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