Courts / Dublin / Report

Interim examiner appointed to companies behind Dobbins restaurant

Summary

An interim examiner, Mr Kieran Wallace of KPMG, was appointed by the High Court to oversee four companies that run the Dobbins restaurant in Dublin and the Becketts Hotel & Restaurant in Leixlip. The group, employing about 60 people, sought court protection because of cash‑flow problems caused by lost business contracts and historic bank debts. The companies, which acquired their assets during the Celtic Tiger boom, now carry a high level of debt. Mr Wallace was appointed after an Independent Expert's Report indicated the companies had a reasonable prospect of survival if a scheme of arrangement with creditors were approved. The scheme would involve restructuring bank debt, paying a dividend to creditors, securing new investment and leasing the premises on the open market. The case is set to return to the court in July. The main creditors are the Revenue Commissioners and KBC Bank.

Who, what, where, when and why

What: Report matter: Interim examiner appointed to companies behind Dobbins restaurant. Procedural stage: hearing_or_decision

When:

• 2006 and 2007 Other
• 2016-06-29 Publication

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report