Courts / Dublin / Report
Dispute over division of assets including Red Cow Hotel
Summary
In a High Court case on 5 July 2023, the Duddy Group—Duddy Hospitality Ireland Holdings Limited, Brendan Duddy and Lawrence Duddy—sued the Propiteer Group, comprising Propiteer Ireland Holdings Limited, DADAC Ltd, Propiteer Ltd, Colin Sandy and David Marshall, over a dispute about the division of assets from joint ventures they had owned, including the IBIS Red Cow Hotel in Dublin. The parties had been partners in several ventures, and after disagreements in 2019 they agreed in 2020 to split the assets. The Duddy Group alleges that the Propiteer Group breached those settlement agreements by securing borrowings for the IBIS companies, appointing receivers over the hotel and related assets, and attempting to replace directors on the hotel's boards. The Duddy Group also sued the receivers, Ken Fennell and Andrew O'Leary of Interpath Ireland, seeking orders to stop them acting as receivers and to prevent any board changes.
Who, what, where, when and why
What: Report matter: Dispute over division of assets including Red Cow Hotel. Procedural stage: hearing_or_decision
When:
- 2023-07-05 Publication
Case subjects
Defendant
Applicant
Places mentioned
- High Court
Topics
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