Courts / Dublin / Report

Interim Examiner appointed to food distribution firms hit by Covid-19 outbreak

Date
2020-03-27
Stage
Hearing Or Decision
Primary locality
Dublin
County
Dublin

Summary

The High Court appointed Neil Hughes of Tily Baker as interim examiner to three food‑distribution firms—Wert Capital Ltd, Dublin Foods Sales Ltd and Scallans Food Service Ltd—whose turnovers fell 70 % amid the Covid‑19 outbreak. The firms, employing over 70 people, deliver food and some non‑food items to restaurants, pubs, offices, hotels, nursing homes and catering companies in Leinster and the South East. Ms Justice Niamh Hyland noted that the firms are insolvent and cannot pay debts, but an independent expert reported they have a reasonable prospect of survival if fresh investment is secured and a scheme of arrangement is approved by the court. The examiner will also address employee wages, which have been paid directly by director Richard Meehan, and resolve invoicing issues with Grenke Invoice Finance. The matter was returned for a hearing in early April.

Who, what, where, when and why

What: Report matter: Interim Examiner appointed to food distribution firms hit by Covid-19 outbreak. Procedural stage: hearing_or_decision

When:

Why: Counsel said that the appointment of an interim examiner was required in order to deal with the firm's employees, who had in recent days been paid their wages directly by a director of the companies, Mr Richard Meehan. CNI source report

Places mentioned

Court Venue
  • The High Court
  • High Court
Secondary Mention

Topics

Stage Hearing Or Decision

Related court reports

Read the original CNI report

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