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Venu restaurant closing & gift vouchers

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    #2
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    mambo wrote: »
    What are our rights in this case?

    None.
    mambo wrote: »
    How do we go about getting money back?

    If the voucher was bought on your credit card, you can try a charge back. If someone else bought it, they will have to try. If it was bought with cash, then the money is most likely gone.
    mambo wrote: »
    How can one check if the company is being liquidated?

    Check http://www.insolvencyjournal.ie/index.aspx


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    #3
    mambo
    Registered Users Posts: 697 ✭✭✭mambo


    > What are our rights in this case?
    None.

    But if the company wasn't being liquidated, and had simply decided to cease trading before things got that bad, could one go to the small claims court?


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    #4
    keithclancy
    Registered Users Posts: 9,208 ✭✭✭keithclancy


    mambo wrote: »
    But if the company wasn't being liquidated, and had simply decided to cease trading before things got that bad, could one go to the small claims court?

    They would have to pay their debts to their creditors, you being one of them.


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    #5
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    mambo wrote: »
    But if the company wasn't being liquidated, and had simply decided to cease trading before things got that bad, could one go to the small claims court?

    I don't think so. Vouchers have no law/legislation/rights around them. When you buy a voucher, the sale is concluded when they provide the voucher. The voucher itself is fairly worthless, it's just an agreement between the holder and the company to exchange it for goods/services at a later date. If the company ceases to trade, you have no comeback.

    Venu is owned by Guilstep Limited.
    http://www.insolvencyjournal.ie/news_more_details/11-01-13/Guilstep_Limited.aspx
    A meeting was held in January, though there are no details as to what that was about. Probably a meeting to restructure debt with the creditors.

    As a voucher holder, I'm not sure you'd even be classed as a creditor. You're not owed any money, as a voucher usually cannot be exchanged or refunded.


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    #6
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    jor el wrote: »
    I don't think so. Vouchers have no law/legislation/rights around them. When you buy a voucher, the sale is concluded when they provide the voucher. The voucher itself is fairly worthless, it's just an agreement between the holder and the company to exchange it for goods/services at a later date. If the company ceases to trade, you have no comeback.

    You're not really a creditor with a voucher - it's a grey area
    Venu is owned by Guilstep Limited.
    http://www.insolvencyjournal.ie/news_more_details/11-01-13/Guilstep_Limited.aspx
    A meeting was held in January, though there are no details as to what that was about. Probably a meeting to restructure debt with the creditors.
    Venu ceased trading for a week in January as they were having issues with rent increases. Following negotiations, they reopened.


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    #7
    mambo
    Registered Users Posts: 697 ✭✭✭mambo


    Venu is not reopening this time around.

    Landlord is looking for €125k per annum rent from new tenant. Seems low to me, I wonder how much more Venu was paying, even after negotiating a lower rent after closing for a week?
    http://www.irishtimes.com/newspaper/commercialproperty/2011/1026/1224306491421.html


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