Unfortunately KPMG are also dealing with the Irish Examinership
NAS and four Irish subsidiaries have Irish
High Court protection from creditors while examiner
Kieran Wallaceof
KPMG puts together a rescue plan for the Scandinavian carrier.
The UK guys got £96K for writing a few letters and the Irish ones will be getting £Ms. The Irish Courts had the the wool pulled over their eyes and now have the embarrassing scenario of the Irish Companies they were meant to protect also being hit on the 4th if the leases are repudiated by the court, although there is no justification for this action according the lessors.
The simple answer is for the creditors not to agree the court proposals, it may be a home goal for some but will protect others in the future.
As for the £10.5million that was due to the NAR UK and spirited away to "NAS Invest" ,NAS Invest was owned by a "Norwegian" but dissolved in 2016 probably just a coincidence, but in 2018 another NAS Eire Invest sprung up. No doubt KPMG will get all the info...unless someone "forgot" they were owed 10.5 M
