Courts / Wicklow / Report
German film company takes action against well-known Irish producers
Summary
In a Commercial Court case, Berlin‑based W2 Filmproduktion Vertriebs GmbH, holding 49% of Irish company Octagon Films Ltd., sued Irish producers Morgan O'Sullivan and James Flynn for diverting funds from Octagon to themselves or their controlled entities. W2 claims the defendants breached a shareholders agreement, causing an estimated €50m loss to Octagon and €25m loss to W2. The company alleges the defendants misled W2 with false financial statements, sold work at cost to related entities, and failed to ensure Octagon received income from productions such as Vikings. W2's director, Winfried Hammacher, testified that Octagon was a nominal developer with minimal income, while the defendants denied any wrongdoing and argued the case should not be fast‑tracked. The judge adjourned the matter for a week to allow the defendants to submit objections in sworn statements.
Who, what, where, when and why
What: Report matter: German film company takes action against well-known Irish producers. Procedural stage: hearing_or_decision
When:
- 2010 and 2014 Other
- 2016-06-20 Publication
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