Irish investments, by way of loans, were channelled to the German group through two special-purpose vehicles – MUT 103 and Dolphin MUT 116 – set up in, Co Kildare, in 2011-2012 by Wealth Options Trustees Ltd , of the same address. Both SPVs were put into liquidation last year.
approval is needed in order for a firm in liquidation to take a case against another in liquidation. The matter is due before the court on Monday.Mr Kirby is also planning proceedings against other parties. He previously informed investors in January that he had issued letters threatening legal action to 13 different parties.
Mr Kirby did not outline his specific case against RE Administration. The liquidator of RE Administration, Anthony Fitzpatrick of Fitzpatrick O’Dwyer & Co, told The Irish Times on Friday that the company does not have a case to answer and that he “shall defend all aspects of his action vigorously in due course”.