An investor from Co Cork has petitioned the High Court to wind up an Irish firm owned by collapsed German property company Dolphin Capital.
The German group imploded last year in a scandal that has seen thousands of people across Ireland, the UK and elsewhere lose their pensions and life savings.
More than €1bn had been pumped into the German firm by backers, many of them regular workers with small pensions and savings pots.
Dolphin Capital, which along with other associated companies is also called German Property Group, offered investors eye-watering returns by refurbishing and repurposing listed properties in Germany.