Examiner takes over duties of chicken firm’s board

Although stripped of any managerial decision making on the future of Co Waterford-based Cappoquin Chickens Limited, its Muslim director Perwaiz Latif will play a significant role in its success under examinership, the High Court ruled yesterday.

Mr Justice John D Cooke transferred all boardroom powers to examiner Michael McAteer, subject to his not altering the production process and techniques material to the halal accreditation of the business without prior consultation with Mr Latif.

The company is insolvent with debts of €6m and had been dependent on a large portion of its €23m processing turnover being sold into the British market for Muslim consumers.