Cosgrove Gaynard solicitors were delighted to advise on another recent examinership petition to the High court.
Cosgrove Gaynard Solicitors were delighted to advise Denis Moriarty The Kerries Limited and Moriarty Civil Engineering Limited on their application for the appointment of an Interim Examiner and an Examiner to the Companies which was the first examinership petition in 2018.
The Companies, one of Kerry’s best known civil engineering and construction services groups, had requested the High Court to appoint Neil Hughes of Baker Tilly Hughes Blake as examiner.
Cosgrove Gaynard Solicitors, together with Ross Gorman BL, counsel for the Companies, successfully applied before McGovern J on 23 January to have Mr Hughes appointed, and he will now work with the Companies in an effort to put in place a formal restructuring and implement a scheme of arrangement, to allow the Companies to continue as a going concern, and retain the 128 directly employed people.
When a business fails, for whatever reason, the liquidation of the company should not be the only option considered. There is another option to be considered called examinership.
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