Architect and engineer agreed scheme to move €7m before bankruptcy, court told

An architect and an engineer agreed a scheme to move shares in a firm worth US$8m (€7.1m) as the architect got into financial trouble and later filed for bankruptcy, the High Court heard.

As a result of a dispute over that scheme, the court dismissed most of a case brought by Dublin architect, Jeremiah Ryan, acting as a trustee of the shares in his Abu Dhabi firm Horan Keogan Ryan Middle East (HKRME) and by the firm itself. The case was also brought by Patrick Stafford as another trustee of the trust involved, the Ryan Family Trust (RFT).