Pierse Contracting €3.2m claim ‘effectively settled’

PIERSE Contracting has effectively settled a legal action aimed at securing €3.2 million allegedly due to it under an €81m contract related to adevelopment at Grand Canal Square in Dublin, the Commercial Court heard yesterday.

The proceedings by Pierse against Grand Canal Square Developments Ltd, with registered offices at Malahide Road, Balgriffin, Dublin, were admitted to the Commercial Court last month by Mr Justice Peter Kelly.

After hearing counsel for both sides yesterday, the judge noted the case was “effectively settled” and agreed to adjourn it for mention only on April 20 when, he was told, it was unlikely to trouble the court further.