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Stardust And Spurs: Exploring Santa Clarita's Walk Of Western Stars – Peggy Stewart

Stardust And Spurs: Exploring Santa Clarita's Walk Of Western Stars – Peggy Stewart
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Court orders winding up of Dolphin Capital owned firm

Legal Affairs Correspondent
A High Court judge has granted a petition brought by a 78-year-old Irish woman, to wind up an Irish firm owned by a collapsed German property company.
Mr Justice Brian O Moore made the order in relation to MUT 103 Limited, based in Naas, Co Kildare, which was linked to the German Property Group (GPG) formerly known as Dolphin Capital.
He said on the evidence before him MUT 103 was plainly insolvent and around €107m is still outstanding to Irish investors in GPG.
The judge said his decision was influenced by the fact that investors had been continually reassured since July 2019, that the sums advanced by MUT 103 were fully secured but further information in an options paper circulated five days ago, described a much more insecure position . ....

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