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News and legal publications by the team at Lanigan and Clarke Solicitors in Letterkenny and Dublin. If you would like to find out more about any specific legal area, get in touch today via our contact page

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Articles tagged with: Donegal Circuit Court

16 March 2015

"Trojan Work being done by Donegal Company in Examinership"

Posted in Press Releases

From the Derry People Newspaper

Judge Keenan Johnson at Donegal Circuit Court on Thursday 16th October 2014 officially appointed Sean Carr as examiner of Milford Steel Company Henry McGinley & Sons Limited.

Judge Johnson noted the trojan work being done by all parties involved in the process and also that Sean Carr, Examiner had worked tirelessly in the matter. Eithne Reid O'Doherty BL instructed by Aine Murray of Lanigan Clarke Solicitors told the court that the process had provided the company with solidity and uncertainty during this process and that the company had received very strong support from the local community, creditors, suppliers and customers alike. 

Judge Johnson said that this was a classic case of a company that was suitable for examinership and that it was important that this company had the opportunity to trade itself out of its difficulties.

This the first application for Examinership in Donegal as well as in the Northern Circuit. 

16 March 2015

Lanigan Clarke advise on successful Examinership

Posted in In the Courts

Thirteen jobs have been saved in Milford

Lanigan Clarke advise on successful Examinership

and there is even the prospect of new jobs being created – following a Letterkenny Circuit Court decision yesterday to take a local firm out of examinership.

The decision by Judge John O’Hagan to approve the Scheme of Arrrangement means the survival of Henry McGinley & Sons Limited and the saving of 13 jobs.

The decision is a major boost to Milford which only 12 months ago featured in the Financial Times as a village suffering the worst effects of economic downturn. 

Henry McGinley is one of the leading engineering suppliers and for structural steel and roofing in Ireland and has recently launched a number of innovative and market leading fire grates and stoves products.

Judge John O’Hagan approved the Scheme of Arrangement, and creditors will now be paid the agreed amounts.

After an emotionally charged day for the McGinley family and the Company employees, Mrs Elizabeth McGinley, Director of the Company, speaking outside the Court, thanked the creditors, the Court Service, Judges and community, both far and wide, for all their messages of support since the Examinership commenced.

Mrs McGinley also thanked the Company’s legal team, Barrister Eithne Reid O Doherty and Solicitor Ms Aine Murray of Lanigan Clarke Solicitors and the Examiners legal team Barrister Ivan Toner and Solicitor Declan McHugh of Terrance Sweeney Solicitors for all their work and efforts since examinership.

The McGinley family also acknowledged the support and loyalty of the staff over the last number of years.

Mrs McGinley paid special thanks to the Examiner, Mr Sean Carr, of Vision Accountancy, Dublin, for the most passionate, driven and hardworking individual the Company could have ever wished for.

Internationally, 25% companies that are faced with difficulty enter an examinership process compared with only 2% in Ireland. Many companies could survive if they consider examinership. Not only is this outcome good for communities throughout the country – the retention of long established businesses and employers – it’s also good for jobs.

The McGinley examinership has only ever been the fifth examinership of a company in Donegal and is one first that has availed of the Circuit Court process through examinership in the country

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