Legal
‘Strong grounds’ for Iceland Ireland operator to claim back assets ‘swept’ by UK parent
Owner of the Irish supermarket chain has sought a hearing on the ‘substantial disappearance of company property’
There are “strong grounds” for the UK parent branch of Iceland to be asked to return assets it allegedly “swept” from its Irish supermarket business before selling it to a franchisee for €1 in February, an insolvency expert has said.
Myles Kirby, of Dublin-based Kirby Healy Chartered Accountants, claimed in a report provided to the High Court that “there are strong grounds” for the owners of the Irish franchise to “seek the return of all ...