Courts / Dublin / Report
Legal rows over sale of interest in Burlington Plaza come before High Court
Summary
Two separate disputes over the sale of a 25% interest in the Burlington Plaza office block in Dublin were heard in the High Court. Coolbrook Developments, which owns half of the property, claimed that Lington Development Ltd breached an owners' agreement by selling its share without first marketing it. Coolbrook sought a temporary injunction to stop the sale and any further action by Lington, but the court was informed that the sale had closed on the morning of the hearing. Lington's counsel said the injunction was now moot and that Coolbrook could only seek damages. Meanwhile, Lington had obtained a temporary injunction against Dengrove DAC, which had tried to enforce a security interest in the property. Dengrove had demanded full repayment of a debt owed by Lington and threatened to appoint a receiver. The court adjourned both matters to Wednesday to allow the parties to exchange documents relating to the sale and the transfer of funds.
Who, what, where, when and why
What: Report matter: Legal rows over sale of interest in Burlington Plaza come before High Court. Procedural stage: hearing_or_decision
When:
- 2017-02-14 Publication
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