In re Eircom Ltd [2012] IEHC 107 (High Court, Kelly J, 30 March 2012)
High Court grants protection of court to group of telecommunications companies and appoints interim examiner pending the hearing of examinership petition.
Examinership - petition to appoint interim examiner - protection of court - debts of €4.08 billion - inability to service debts from existing revenues - breach of financial arrangements - need to restructure debts - s. 2 of the Companies (Amendment) Act 1990 - receivership and liquidation being the only alternatives - over 5,000 staff - strategic importance of companies to the state - whether reasonable prospect of survival of the company - whether interim examiner to be appointed pending the hearing of the petition - existing state of negotiations.Full Text on Court Services Website>
You must log in to post a comment.