Hyper Trust scheme approved after Leopardstown Inn examinership

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Hyper Trust Limited secured High Court approval for a scheme of arrangement on 10 February 2015, following examinership of the company operating the Leopardstown Inn in Stillorgan, County Dublin.

The scheme accepted an investment proposal from Borderridge Limited and transferred the company into new ownership, while providing that no redundancies would take place.

The Employment Appeals Tribunal later recorded that Brian Reddy and Desmond Reddy, formerly directors and equal shareholders, brought claims alleging unfair dismissal after the scheme was approved. Both asserted that they had been employees throughout.

Hyper Trust Limited disputed their employee status, contending that they were proprietary directors with full and absolute control over the ownership and operation of the Leopardstown Inn.

The tribunal heard the claims in Dublin on 24 June 2016 and 27 September 2016, but the available source excerpt does not show its final determination.