Friday 15 December 2017

Court backs €600k costs reprieve for Killilea firm

THE Supreme Court has backed a ruling that a private company owned by businessman Sean Dunne's wife, Gayle Killilea, will not have to lodge up to €600,000 in costs in advance of a legal action, writes Tim Healy.

In November, the High Court ruled that Ms Killilea's company, Mavior, would not have to provide security for legal costs for its action against another company over an alleged outstanding bill of €1m for repair works on two flooded hotels, which were run by a company, MJBCH, controlled by Mr Dunne.

Mavior is suing Zrko Ltd, a company representing a syndicate of banks set up by Ulster Bank to run the Tower Hotel and Ballsbridge Inn – formerly Jurys and Berkeley Court hotels – in Dublin.

Ulster Bank is taking separate bankruptcy proceedings against Mr Dunne over a €164m debt allegedly arising out of guarantees that he executed for loans for the redevelopment of the hotel sites.

Irish Independent

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