The High Court has refused to grant injunctions to Duddy Hospitality Group, including one restraining receivers from selling the IBIS Red Cow Hotel in Dublin, stating that damages would suffice if the plaintiffs succeed in the full action.
The dispute between Duddy and Propiteer Groups revolves around an alleged breach of an agreement to divide joint assets, with the plaintiffs suing various members of the Propiteer group for wrongful actions related to the hotel and its management.
The judge highlighted that the case at hand is a commercial dispute focused on receiving a commercial return on investment, emphasizing the need for a speedy resolution and early hearing of the matter, with both sides making allegations and denials of wrongdoing.
Duddy Group seeks specific performance of allegedly breached agreements, removal of appointed receivers, and ownership control of the hotel as agreed upon in settlement agreements, while Propiteer Group contends that the settlement agreement was superseded by a subsequent call-option agreement due to alleged failures on the plaintiff’s side, with further proceedings scheduled later this month.
