Two heavyweights of the Dublin hospitality scene are set to square off in the High Court shortly in the first challenge of the government’s low-cost rescue process for smaller companies.
EMI-MR Investments, owner of the Mercantile group, which includes Whelan’s, Café en Seine and the George, is challenging proposals brought under the small companies administrative rescue process (Scarp) to save one of the TV chef Dylan McGrath’s Dublin restaurants, Brasserie Sixty6 .
Neil Hughes of accountants Baker Tilly, the Scarp adviser for Home Rbvr, operator of Brasserie Sixty6, is defending the restructuring scheme.
EMI-MR Investments is challenging proposals to save Brasserie Sixty6
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The proposed rescue plan would see McGrath take full control of Brasserie Sixty6 in return for a €151,000 investment. Under the scheme, unsecured creditors would receive as little as three cents in the