Duddy Group injunction bid over Red Cow Hotel refused

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

The High Court refused the Duddy Hospitality Group’s injunction applications over alleged breach of an agreement to divide assets, including the IBIS Red Cow Hotel, reported on 9 April 2024.

Mr Justice Rory Mulcahy said the Duddy Group had raised a serious issue to be tried, but damages would be an adequate remedy if it succeeded in the full action. He declined orders restraining the receivers from selling the hotel and Propiteer from appointing or removing directors at companies involved in its operation.

The dispute concerns the groups’ alleged 2020 settlement agreements. The Duddy Group says it was to receive ownership and control of the hotel and related companies, while Propiteer denies breaching an agreement and says a later call option agreement superseded it. The full action remains opposed.