OpenHydro founders ordered to pay legal bill for failed bid to save firm

The founders of collapsed Irish tidal energy firm OpenHydro have been ordered to bear the six-figure legal costs of last year’s failed bid to salvage the debt riddled company.

Brendan Gilmore and Donal O’Flynn tried to stop the firm’s slide into liquidation last September with an examinership petition that was rejected by the High Court.

Opponents characterised the move by the founding consortium as “a last throw of the desperation dice”. The business ...