Michael Flatley denies default on €5.6m loan to his film company

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 98%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Novellus Finance insists there was default on loan given to Blackbird Film Productions, for which Lord of the Dance Star provided a guarantee on the strength of the value of his Co Cork mansion, Castlehyde

strongly denies a lender’s claims that there was default on a €5.6 million loan to the dancer’s film production company, the Commercial Court heard.

Mr Flatley, best known as a star in Riverdance and Lord in the Dance, also wrote, directed and starred in a 2022 film called Blackbird. The 66-year-old claimed that he, his wife Niamh and their son Michael St James, cannot reside at the protected structure, in which he said has invested over €29 million since he acquired it in 1999, as it is unsafe for human habitation.

Novellus, he said, exercised forbearance and when proposed refinancing arrangements failed to materialise, letters of demand for full repayment were issued, he said. This led to the three payments for previous months being made, he said. Kelley Smith SC, for the defendants, on Monday applied for the case to be admitted to the commercial list. She said the arrangement under which the money was loaned to Blackbird meant no one would be allowed to reside in Castlehyde, which made this a commercial transaction.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

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

Minister for Finance Jack Chambers questions whether Fine Gael envisages a public sector pay freezeFianna Fáil candidate criticises Sinn Féin for not publishing manifesto in advance of Monday’s leaders’ debate
출처: IrishTimes - 🏆 3. / 98 더 많은 것을 읽으십시오 »

One-third of Irish firms ‘lack funds to invest in finance personnel’Report examines the development of the ‘finance function’ of companies towards 2030 and beyond
출처: IrishTimes - 🏆 3. / 98 더 많은 것을 읽으십시오 »

Cop29 agrees climate finance deal but campaigners brand it a ‘betrayal’Amid climate change, campaigners lament shortfall in help to poorer countries to switch to low-carbon economies, and decry influence of Saudi Arabia, Azerbaijan and looming Donald Trump presidency
출처: IrishTimes - 🏆 3. / 98 더 많은 것을 읽으십시오 »