News & Updates

• Coleman Legal note that decision of O’Moore J this morning regarding the appointment of Myles Kirby of Kirby Healy Chartered Accountants as liquidator of MUT 103 limited. Coleman Legal act for a large number of clients who were directed to MUT 103 ltd and MUT 116 ltd by Irish brokers and guaranteed a first legal charge on the property they had invested in. Coleman Legal are instructed to serve proceedings on all parties who are culpable in directing investors towards the now failed German Property Group (GPG) and seek redress for the loss of their investment and income.
• From instructions received to date, there are concerns over the extent of assets within the company to such a degree that the company did not seem fit for purpose. Coleman Legal continue to be contacted by ‘Dolphin Trust’ investors daily and have continued to be shocked by the individual stories regarding the actions of Irish Brokers. The Administrator of the funds ‘Wealth Options Trustees Limited’ also have serious questions to answer.

If you have invested in ‘Dolphin Trust’ please contact Keith Rolls of Coleman Legal keith@colemanlegal.ie

• Kathleen Dineen originally petitioned the High Court to wind up the company, MUT 103 Limited, on 18 December 2020. Kathleen Dineen is an investor in Dolphin Trust via special purposes vehicle company M.U.T. 103 Limited.
• Mr Justice O’Moore heard from both sides this afternoon, Monday 1 March 2021. Ms Dineen’s legal team were asking the Court for an order to wind up the company without further delay. Counsel for M.U.T. 103 Limited asked the Court to adjourn the petition to allow time for the Directors of M.U.T. 103 Limited to make contact with the investors to advise them of their options.

Judgment stood reserved until Wednesday, 10 March 2021 and we will update our clients again thereafter. If you have invested in Dolphin Trust and have yet to receive your promised returns, please contact our legal team for advice or read more.