Courts / Galway / Report
Progress in Claddagh ring dispute, High Court told
Summary
The High Court has adjourned proceedings in a long-running family dispute concerning Claddagh Jewellers Ltd. Ms Justice Leonie Reynolds agreed to a one-month adjournment after counsel for applicant Andrew Fried reported that mediation, conducted by retired Judge Paul Gilligan, had resulted in a "resolution in principle." Although progress was noted, several steps remain to finalize the matter. Andrew Fried, of Leac Lian Barna Co, Galway, is an applicant in proceedings against his brother, Philip Fried. Andrew alleges that Philip, in conjunction with their father Laszlo, has interfered with the company's business. He seeks orders prohibiting contact with suppliers, a buyout or sale of shares, and a declaration that Philip's actions are oppressive. These claims are denied. In separate proceedings, Philip Fried claims that Andrew and Claddagh Ring Ltd breached his trademark, asserting he is the sole owner of the "Claddagh Jewellers" mark. He seeks restraining orders. Joint receivers Michael McAteer and Aengus Burns are also parties to the mediation. Additionally, Promontoria (Aran) claims it is owed €16m in separate proceedings involving Laszlo Fried and associated companies, alleging a failure to repay loans originally advanced by Ulster Bank. The court did not make a final determination on the merits, as the matter was adjourned to allow for final resolution.
Who, what, where, when and why
What: Report matter: Progress in Claddagh ring dispute, High Court told. Procedural stage: hearing_or_decision
When:
- 2019-10-29 Publication
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