Sunday 21 January 2018

Row over sale of mansion and estate resolved

Lawyers for Eaglehill sought injunctions at the High Court in Dublin to stop the 'Irish Times' newspaper publishing an article about the sale.
Lawyers for Eaglehill sought injunctions at the High Court in Dublin to stop the 'Irish Times' newspaper publishing an article about the sale.

Tim Healy

A High Court action over the proposed sale of Castletown Cox, a mansion in Co Kilkenny, has been resolved.

The case had been brought by Edward Magan, a beneficiary of the Eaglehill family trust - valued at up to €50m - which owns Castletown Cox.

Mr Magan had objected to the sale of the south Kilkenny estate on 513 acres by its trustee, DW Trustees.

Mr Magan failed earlier this year, via a court hearing in Jersey in the Channel Islands, to stop the marketing of the property for sale.

The Jersey court ordered DW Trustees could proceed with facilitating marketing of, and access to Castletown and the estate agent, Knight Frank, was instructed to proceed with the sale.

The beneficiaries of the trust, which is governed by Bermuda law, are Edward and Henrietta Magan, children of Lord George Magan, who purchased the estate in 1999.

Lawyers for Eaglehill then sought injunctions at the High Court in Dublin to stop the 'Irish Times' newspaper publishing an article about the sale.

Mr Justice Paul Gilligan refused to restrain the newspaper publishing the article.

Yesterday, following talks between the parties, counsel for DW Trustees told Mr Justice Gilligan the matter was not going ahead.

The parties had agreed the Irish courts lack the jurisdiction to hear Mr Magan's action, and that all previous orders made in the case could be vacated, he said. Counsel for Mr Magan said his side was consenting to that.

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