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%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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
Bron: IrishTimes - 🏆 3. / 98 Lees verder »

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
Bron: IrishTimes - 🏆 3. / 98 Lees verder »

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
Bron: IrishTimes - 🏆 3. / 98 Lees verder »