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
Thu, 16 Nov, 2017 - 07:16

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.

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CourtsHeathrowPlace: Point VillagePlace: U2 Experience museumPerson: CrosbiePerson: Harry CrosbiePerson: Ann O’LoughlinPerson: AnnPerson: LoughlinPerson: NamaPerson: Caroline CostelloPerson: DunnesPerson: JusticePerson: CostelloOrganisation: DunnesOrganisation: Dunnes StoresOrganisation: Point Village Development LtdOrganisation: PVDOrganisation: High CourtOrganisation: PVD&rsquoOrganisation: Dunnes&rsquoOrganisation: Point Village
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