Courts / Dublin / Report

High Court confirms Clerys liquidators

Summary

The High Court confirmed the appointment of joint liquidators, Eamon Richardson and Kieran Wallace of KPMG, for OCS Operations Ltd, the company that ran Clerys Department Store and Warehouse. Mr Justice Brian Cregan approved the appointment on Monday, with no objection. The liquidators were instructed to conduct a comprehensive investigation into payments and transactions involving OCS Operations and related companies, recent bank account payments, and the use of insurance proceeds from the 2012 flooding. They will also examine the conduct of the former directors, Rafael Klotz and Malcolm MacLennan MaCaulay, during the twelve months before the liquidation. A committee of inspection, comprising creditors and concession holders, will be formed to investigate any matters raised by them, and a creditor's meeting is scheduled for August. The liquidators will also handle employee redundancy payments, pension scheme inquiries, and the distribution of assets, including fixed assets, cash, and intellectual property.

Who, what, where, when and why

What: Report matter: High Court confirms Clerys liquidators. Procedural stage: hearing_or_decision

When:

• August 2012 Incident
• January 2015 Incident
• September 2016 Incident
• 2015-07-06 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report