Provisional liquidators appointed to Irish firm linked to German Property Group

Dolphin MUT 116 Ltd, based in Naas, Co Kildare, was set up as a special purpose vehicle to generate investment from Irish people, and which funds were in turn loaned to several subsidiaries of the GPG

The corporate headquarters of German Property Group, formerly called Dolphin Trust, in Langenhagen, Germany. Picture: Alexander Koerner/Getty Images

Joint provisional liquidators have been appointed by the High Court to an Irish firm linked to the collapsed German Property Group, formerly Dolphin Capital.

Mr Justice Senan Allen was told on Wednesday evening the application to appoint provisional liquidators to Dolphin MUT 116 Ltd was being moved for reasons including the High Court having last month granted a woman’s petition to wind up another Irish company in the GPG, MUT 103.