Thursday 21 September 2017

Wallace firm liquidation case listed

Mick Wallace TD
Mick Wallace TD

Tim Healy

A fund-appointed liquidator's case for orders under the Companies Acts against Mick Wallace and his son has been fixed for hearing next October.

Michael Leydon, liquidator of the Independent TD's construction and property firm M J Wallace Ltd, has brought proceedings against Mr Wallace and his co-director son Sasha.

Mr Leydon was appointed by Promontoria Aran, a subsidiary of US fund Cerberus, arising out of a €2m judgment obtained against the company in relation to the Italian Quarter development in Dublin.

The liquidator is pursuing an application for orders under the Companies Acts to have the respondents disqualified from acting as company directors.

The case has been fixed for October 23 but an application for discovery of documents will be heard on October 9.

Irish Independent

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