USIT brand and online operations bought by former CEO and shareholder

Posted in Governance and administration on May 23rd, 2020 by steve

Ireland“The joint liquidators of the USIT student travel group have agreed to sell its brand and online operators to a company owned by its former CEO, and a former shareholder. USIT Ireland specialised in US summer work and related travel programmes and was based on Dublin’s Aston Quay …” (more)

[RTÉ News, 22 May]

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High Court confirms liquidators appointed to USIT companies

Posted in Legal issues on April 27th, 2020 by steve

“The High Court has confirmed the appointment of liquidators to companies in the USIT student travel group. The firms, which employed some 149 people, say their collapse was entirely due to the Covid-19 pandemic. On Monday, Mr Justice Michael Quinn confirmed the appointments of Kieran Wallace and Andrew O’Leary of KPMG as liquidators to the companies, with addresses at Aston Quay, O’Connell Bridge …” (more)

[Tim Healy, Independent, 27 April]

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Usit ‘not in a position’ to refund J1 students due to insolvency

Posted in Governance and administration on April 11th, 2020 by steve

“J1 students will not be receiving refunds from travel company Usit after it went into provisional liquidation. In a statement on its website, Usit said: ‘Unfortunately, due to the insolvency of USIT, the joint provisional liquidators are not in a position to pay any refunds to any category of customer or client’ …” (more)

[Amy Molloy, Independent, 10 April]

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USIT says that refunds may be available to students

Posted in Governance and administration on April 10th, 2020 by steve

“KPMG Liquidators have been appointed to the student travel company USIT, however the company’s website says that refunds could still be possible through the Commission for Aviation Regulation (CAR). The website instructs students with a travel package booked to avail of a consumer protection scheme from CAR as soon as possible or to contact their credit card companies, in order to make a refund claim. However liquidators do not guarantee that all claims will be successful …” (more)

[The College View, 9 April]

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