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.
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Source: IrishTimes - 🏆 3. / 98 Read more »
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