High Court varies freezing order against retired businessman Peter Conlon Variation made to allow Mr Conlon discharge a sum of just over €40,000 in legal fees
about 5 hours ago Aodhan O Faolain
Peter Conlon was the founder and head of Pembroke Dynamic Internet Services Ltd, and related companies Ammado Technology Limited, and the Ammado Foundation, which were put into liquidation in 2018. File photograph
The High Court has varied a freezing order made against retired businessman Peter Conlon and former boss of collapsed charities fundraising service Pembroke Dynamic and two related entities.
The variation was made to allow Mr Conlon discharge a sum of just over €40,000 in legal fees.
Irish investors in collapsed Dolphin Trust owed €50.5m by one company Myles Kirby, the liquidation specialist overseeing the wind up of MUT103, has requested an update from Dentons, the lawyers tasked with establishing the nature of the security held by Irish investors 2nd May, 2021
Dolphin Trust, which was marketed as a safe way to invest in quality German property developments, stopped paying returns in November 2019
Irish investors in bust German property group Dolphin Trust are owed more than €50 million from one company involved.
The detail is contained in the statement of affairs issued for MUT103, one of the two special purpose vehicles through which Irish investor monies were raised.