Tifco Hotel Group Fails To Prevent High Court Proceedings Taken By Companies Connected To Bennett Construction
Ireland's Tifco Hotel Group has failed to prevent High Court proceedings taken by companies connected to Bennett Construction.
As reported by The Irish Independent, the legal proceedings relate to what is now the Crowne Plaza hotel at Green Park Estate in Dundalk, Co. Louth, which was constructed by companies controlled by Jim and Stephen Bennett.
Last year, the High Court refused an application by Tifco to strike out proceedings taken by five Bennett firms that were connected to the development of the hotel in question.
Tifco reportedly stated that the claim against it was frivolous and vexatious, and appealed the ruling made by the High Court last year, but has now been unsuccessful in its attempt to turn the High Court’s decision around at the Court of Appeal.
The dispute is over a contract between Tifco and four of the five Bennett firms that was drafted in 2007.
Solicitors for the five Bennett firms reportedly wrote to Tifco in 2017 to request confirmation that the hotel group was liable to them in respect of €3.5 million appropriated by the Anglo Irish Bank.
The Court of Appeal reportedly noted that the dispute between the parties can now go to trial.
Tifco is majority-owned by US private equity giant Apollo.
The hotel group manages 24 hotels and was awarded the contract for the Republic of Ireland's mandatory hotel quarantine system earlier this year.
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