Courts / Dublin / Report
Appointment of liquidators to USIT companies is confirmed
Summary
The High Court confirmed the appointment of Kieran Wallace and Andrew O'Leary of KPMG as liquidators for the USIT student travel group companies, following a provisional appointment last month. The firms – Dublin USIT Ireland Ltd, School and Group Tours Ltd, and Dublin College of Business Studies Ltd – employed about 149 people and collapsed due to the Covid‑19 pandemic, which halted travel and caused a loss of bookings for the language school. Rossa Fanning SC represented the companies and explained that the pandemic wiped out their business, leading to insolvency. Stephen Walsh BL, for the liquidators, reported that most employees had been dismissed, with only a handful remaining. The judge approved the liquidators' appointment and directed the directors to file statements of affairs. He adjourned the confirmation of the liquidators for the holding company, The Kinlay Group Ltd, to a later date to allow a correction in the application.
Who, what, where, when and why
What: Report matter: Appointment of liquidators to USIT companies is confirmed. Procedural stage: hearing_or_decision
When:
- 2020-04-27 Publication
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