Courts / Galway / Report

Dispute between Claddagh ring makers adjourned to facilitate mediation

Date
2019-07-26

Stage
Hearing Or Decision

Primary locality
Galway

County
Galway

Summary

A dispute between brothers Andrew and Philip Fried, shareholders of Claddagh Jewellers Ltd, was adjourned to October by Ms Justice Leonie Reynolds to facilitate mediation. Andrew Fried, of Leac Lian, Barna, Co Galway, claims Philip and their father, Laszlo Fried, have interfered with the company's business and suppliers. He seeks orders prohibiting contact with suppliers, a buyout of his stake, and a declaration that Philip's actions are oppressive. These claims are denied. In separate proceedings, Philip Fried, of Thornberry, Barna, claims he is the sole owner of the "Claddagh Jewellers" trademark and seeks to restrain Andrew and Claddagh Ring Ltd from infringing it. Additionally, joint receivers Michael McAteer and Aengus Burns, appointed over the company's Galway premises, sought permission to obtain case papers. Counsel Marcus Dowling BL stated this arose from media reports and concerns regarding unpaid rent. The receivers are involved in proceedings against Laszlo Fried and related companies, where Promontoria (Aran) claims €16m is owed for unpaid loans. Judge Reynolds granted permission for the receivers' application and adjourned that matter to the following week. Previous undertakings remain in place.