Johnny Ronan firm dispute with Fortress Investment Group enters Commercial Court

Developer Johnny Ronan’s dispute with a US Fortress Investment Group firm which he claims owes him €3.3 million from an insurance award relating to their joint Fibonacci Square office development in Ballsbridge, Dublin, has been admitted to the fast-track Commercial Court. Photograph: Bryan O’Brien/The Irish TimesDeveloper Johnny Ronan’s dispute with a US Fortress Investment Group firm which he claims owes him €3.

How Dublin City Council’s new anti-migrant councillors will complicate the business of local governmentThe dispute arises out of a deal in which Ronan Group Real Estate swapped its stake in Fibonacci Square – which is leased to Meta – for the Fortress interest in Waterfront South Central on Dublin’s quays.

Mr Ronan said the basis on which Aquela contends no payment is due was “manifestly erroneous” and a clear misreading of the relevant clause.In separate proceedings currently pending before the Commercial Court, a number of Ronan Group related companies are suing Fortress and related firms claiming the defendants failed to engage with the Ronan firms’ effort to refinance facilities under a development assets facility agreement and a mezzanine facility agreement.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Cherrywood developer sues Johnny Ronan companies over €35m office contractDLR Properties seeking declarations, damages and injunctions and alleges defamation in Cherrywood town centre office site row
출처: IrishTimes - 🏆 3. / 98 더 많은 것을 읽으십시오 »

Arbitration sought in dispute between council-owned development firm and Johnny Ronan companiesIssue relates to planned 1.3 acre office site in Cherrywood, Dublin
출처: IrishTimes - 🏆 3. / 98 더 많은 것을 읽으십시오 »