Courts / Tipperary / Report
Chinese investors take action over alleged unpaid loan
Summary
In a fast‑track commercial court case, a group of Chinese investors—Quoquing Wu, Jianyu Qi, Yuanming Chi, Xueqi Wang, Jingli Li, Qiling Li and Kailin Yao—have sued Premier Green Energy Holdings Ltd. The plaintiffs claim they advanced a €1.5 million loan to the Dublin‑based waste‑to‑energy firm in March 2017 for a 48‑month term. They allege the loan agreement required 18 % interest on the principal at the second, third and fourth anniversaries. On 16 March, €540 000 was reportedly due, but the defendant allegedly failed to pay. The plaintiffs now seek a court order for €2.17 million, comprising the principal and the claimed interest, and also request damages for breach of contract. Mr Justice Robert Haughton admitted the matter to the fast‑track list on the parties' consent, with a hearing scheduled after the summer recess.
Who, what, where, when and why
What: Report matter: Chinese investors take action over alleged unpaid loan. Procedural stage: hearing_or_decision
When:
- March 2017 Other
- March 16th Other
- 2019-07-22 Publication
Case subjects
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Applicant
Outcome: The matter was admitted on the consent of both parties, and the case was adjourned to a date after the court's summer recess.
Places mentioned
Topics
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