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.

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.