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Liquidator appointed to South Dublin bar

A liquidator is to be appointed to a South Dublin bar and restaurant following the collapse of a proposed investment that would have allowed the business to continue to trade.

Last May, Copper Bar & Grill Ltd, which employs 29 people, secured the protection of the courts from its creditors for a period of up to 100 days, and Mr Joseph Walsh of Chartered Accountants Hughes Blake was appointed to act as examiner to the business.

Yesterday, the High Court was told the examinership process cannot continue following the loss of the investment.

The bar/restaurant is located at Blackthorn Road Beacon South Quarter in Sandyford Dublin 18, and commenced trading last year.

collapsed

Yesterday, at the High Court, solicitor Barry Lyons for the examiner said a proposed investment in the business had collapsed. Mr Lyons said the investor had pulled out of a proposed deal late last week after an issue arose with the bar/restaurant's landlord.

Without this investment the examiner was unable to put together a scheme of arrangement to creditors and members of the company which, if approved by the High Court, would have allowed the business continue.

Following an application made by Mr Lyons, Ms Justice Iseult O'Malley agreed to formally discharge Mr Walsh as examiner and removed the protection of the court from the company.

hnews@herald.ie


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