Courts / Dublin / Report
Interest dispute comes before High Court
Summary
A dispute over €2.69 million in interest owed to Dengrove DAC by Lington Development Ltd has been admitted to the fast‑track commercial list of the High Court. Lington, which had owned 25 % of the Burlington Plaza office block in Dublin 4, transferred its interest to AIB in 2007, which was later taken over by NAMA, and sold that interest to Dengrove earlier this year. Dengrove demanded full repayment and threatened to appoint a receiver over Lington's interest; Lington obtained a temporary injunction that was later discharged. Lington claims it has sold its interest and paid over €45 million to Dengrove, while Dengrove insists it is owed more than €47.6 million, leaving €2.69 million outstanding after interest and costs. Both parties consented to the case being admitted, and the judge adjourned the matter to June.
Who, what, where, when and why
What: Report matter: Interest dispute comes before High Court. Procedural stage: hearing_or_decision
When:
- 2017-02-27 Publication
Places mentioned
- High Court
Topics
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