Red Cow Hotel at heart of row between two groups of former owners

The Duddy group alleges in its High Court proceedings that the Propiteer group has breached the agreements, acquiring the Ibis companies’ secured borrowings from a third party and purportedly appointing receivers over certain assets, including the hotel.

It is also alleged that the defendant group has sought to remove directors from the boards of two of companies associated with the hotel and are seeking to replace them with their own nominees. The Duddy group claims that the defendants are not entitled to do this and seeks orders preventing any changes to the companies’ boards.

The plaintiffs, represented by Brendan Kirwan SC and Neal Flynn, instructed by Flynn O’Driscoll LLP, are seeking various orders including injunctions preventing any alteration to the boards of, or the removal of any directors of, companies involved in the running of the Red Cow Hotel.

Source: Real Estate Daily Report (realestatedailyreport.net)

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