Dunnes Stores loses appeal over order to pay €15.5m under Point Village settlement

Dunnes Stores has lost its appeal over orders requiring it to pay €15.5m to the receivers of a company of businessman Harry Crosbie so as to comply with agreed terms of settlement of a legal dispute concerning the planned Point Village development.

Dunnes was effectively asking the Court of Appeal to grant an "Alice in Wonderland" license to it to interpret words in the settlement as Dunnes wishes "depending on the result they sought to achieve", Ms Justice Máire Whelan said.