The Declan Ganley-backed Switzerland-based asset management firm, St Columbanus International Advisors Ltd, has applied for voluntary strike off from the Companies Registration Office after three years of trading.

Businessman Declan Ganley’s ability to pay the costs of a legal action over the issuing of the State’s second mobile phone licence means two companies associated with him do not need to put up money in advance in case they lose the action, a High Court judge ruled.