Courts / Dublin / Report

Dispute over division of assets including Red Cow Hotel

Date
2023-07-05
Stage
Hearing Or Decision
Primary locality
Dublin
County
Dublin

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:

Case subjects

Lawrence Duddy

Applicant

Places mentioned

Secondary Mention
Court Venue
  • High Court

Topics

Stage Hearing Or Decision

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