- Noel O’Callaghan has taken proceedings against sons Paul and Charles.
- The case has centred on control of Saira company and related entities.
- An annual salary of €500,000 has formed part of the 2016 agreement.
- The Archers Building has sold for €16.6 million with alleged non disclosure.
- The defendants have applied to refer the dispute to arbitration.
The High Court has heard arguments in the case brought by businessman Noel O’Callaghan against two of his sons. The 75 year old hotelier has claimed that Paul and Charles O’Callaghan have excluded him from control of the family company Saira. Proceedings have involved disputes over the 2016 and 2024 agreements.
Noel O’Callaghan has stepped back from day to day management in 2016 and has received an annual salary of €500,000 along with control of Mountarmstrong stud farm. He has alleged material non disclosure in the sale of the Archers Building on Fenian Street in Dublin for €16.6 million. The sons have denied the claims and have sought to refer the matter to arbitration.
Senior counsel for the defendants has addressed the court during hearings. Noel O’Callaghan has opposed the stay on proceedings and has argued that the 2024 arbitration clause has held no legal effect. The company has operated five hotels in addition to rental apartments and the stud farm in County Tipperary.
Noel O’Callaghan shared “He has stepped down from the day to day management of the group to focus on Mountarmstrong and his bloodstock business.”
Martin Hayden SC shared “Mediation efforts have proved unsuccessful.”
