| 9.1°C Dublin

Examiner appointed to popular family-run bar

THE High Court has confirmed an examiner to companies operating the family run Foley's bar and restaurant business, and the adjoining O'Reilly's bar, on Dublin's Merrion Row.

The business employs about 20 people.

Bank of Scotland (BoS), the companies major creditor owed some €5m, had opposed examinership.

A receiver appointed by it, but later discharged by the court, had reached an agreement for sale of the premises at an undisclosed price, the court had heard.

Among the factors taken by Ms Justice Mary Finlay Geoghegan into account in confirming an examiner was evidence indicating the business has a reasonable prospect of survival.

She directed the examiner to prepare, within three weeks, a report outlining a survival scheme.

Irish Independent