Dunnes must pay €15.5m to Crosbie receivers

A High Court judge has ruled Dunnes Stores must pay €15.5m “forthwith” to the receivers of a company of businessman Harry Crosbie to comply with agreed terms of settlement of a legal dispute concerning the planned Point Village development, writes Ann O’Loughlin.

Dunnes must pay €15.5m to Crosbie receivers

A High Court judge has ruled Dunnes Stores must pay €15.5m “forthwith” to the receivers of a company of businessman Harry Crosbie to comply with agreed terms of settlement of a legal dispute concerning the planned Point Village development, writes Ann O’Loughlin.

The receivers claimed the money is due under a 2010 settlement between Dunnes and Point Village Development Ltd (PVD) negotiated by PVD chairman Mr Crosbie before Nama appointed joint receivers over the company in 2013 on foot of a €450m debt.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited