DUNNES Stores is disputing a decision requiring it to pay about €20m to a construction company in relation to a shopping centre development in Kilkenny.
Its dispute against Holtglen Ltd has now been fast-tracked to the Commercial Court and will be heard next year.
Holtglen says it has very large borrowings in connection with the shopping centre at Ferrybank, Kilkenny.
Last October, following a lengthy hearing of disputes between the companies, an arbitrator's award was made for €20m.
Yesterday, Holtglen asked the Commercial Court yesterday to fast-track the hearing of the Dunnes' challenge and also indicated it intends to bring its own proceedings for an order enforcing the award.
Australia ups Iran sanctions
Australia has expanded sanctions against Iran amid growing concerns over the country's suspected nuclear weapons programme.
Foreign minister Kevin Rudd said the measures would target people and companies involved in Iran's ballistic missile and nuclear programmes and will restrict Australia's business with Iran's petroleum and financial sectors.
Grandson of Hayworth dies
A grandson of the late legendary screen actress Rita Hayworth has been found dead in an apparent suicide in New York City.
Andrew Embiricos (25) was discovered in his Manhattan apartment on Sunday night with a bag over his head. He was pronounced dead at the scene.
Mr Embiricos was the son of Hayworth's philanthropist daughter Yasmin Aga Khan.
Mayor quits in 'sex scandal'
A married US mayor has resigned after someone claiming to be a prostitute said on a website that he had sex with the politician at a California hotel.
The anonymous allegation included a photo of a man who appeared to be Medford, Philadelphia, mayor Chris Myers in his underwear. The accuser said he met Mr Myers through a male escort website and complained that the mayor paid him $500 but did not keep promises of other gifts.