David Shubotham's shareholder oppression case heard in High Court

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

David Shubotham's shareholder-oppression case was heard in the High Court on 17 June 2021, with an injunction application continuing.

Shubotham, a director of Fulman Holdings SARL, claims the board of Oviedo Ltd mismanaged property assets and oppressed shareholders.

Fulman sought an injunction preventing Oviedo's board from disposing of property until an independent report and valuation were obtained.

Oviedo's directors and other shareholders deny the claims, arguing that the board democratically decided to sell the assets on the open market.

The reported hearing concerned property including the Citywest commercial land, Dublin's Sugar Club and development sites in County Meath.