Courts / Ireland / Report
Interim examiner appointer to toy-makers
Summary
The High Court appointed Mr Neil Hughes as interim examiner for Yvolve Sports Limited, a toy‑making firm employing 41 people in Ireland. The appointment followed a request to protect a key contract with US retailer Walmart after the bankruptcy of a major customer, Toy R Us, caused cash‑flow problems. Yvolve also faced a dispute between its Irish directors and those based in Taiwan. An independent expert report said the company was insolvent but could survive if steps such as appointing an examiner were taken. Ross Gorman, representing Clovergade Ltd, a 36% shareholder, first applied for Hughes' appointment. Sino Foreign Trading Company, owning 49% of Yvolve, later sought Mr John McStay as examiner, but the court chose Hughes because his application was earlier. The case was adjourned to 15 June 2024.
Who, what, where, when and why
What: Report matter: Interim examiner appointer to toy-makers. Procedural stage: hearing_or_decision
When:
- June 15th Adjournment
- 2018-06-08 Publication
Places mentioned
- The High Court
Topics
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