Wirecard UK and Ireland Ltd wins High Court funds orders

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

Wirecard UK and Ireland Ltd secured High Court orders concerning funds held by its Irish group, in an application before Mr Justice Brian O’Moore on 27 July 2022. The proceedings were reported on 27 July 2022.

The orders allowed more than €1.16 million to be returned to Orange and Vodafone, while about €800,000 involving Visa and Société Francaise Du Radiotelephone-SFR SA was made available to creditors. The liquidators said the Orange and Vodafone money was held in trust, while there was no clear evidence that the SFR funds were held in trust.