Connective Energy Holdings Ltd brought Commercial Court proceedings against Energia Group ROI Holdings DAC
Declan McGrath SC, for Energia , asked Mr Justice Mark Sanfey to suspend the directions given by the Commercial Court as the matter was now going to mediation. Photograph: Bryan O'BrienA dispute between over an alleged failure to pay €3 million under a share purchase agreement related to the transfer of control of a company behind a plan to develop and operate an anaerobic digestion power plant in Dublin is going to mediation, the Commercial Court heard.
The agreement involved the sale of shares, and therefore transfer of control, of a company called CEHL Dublin Bioenergy Ltd from Connective to Viridian Power and Holdings DAC which later became Energia.Elon Musk’s Irish friends and their influence on the powerful billionaire Connective says Energia subcontracted development of the project. However, Connective said that on April 25th last year, four years after the share purchase agreement was made, Energia informed it the contract for the building of the plant had been terminated.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slash Your Energy Bills with the National Home Energy Upgrade SchemeDiscover how the National Home Energy Upgrade Scheme can help you reduce your energy costs by improving your home's energy efficiency. Learn about eligibility criteria, grant amounts, and how to apply.
Read more »
Unlock €10,000 in Grants for Home Energy Upgrades with the National Home Energy Upgrade SchemeDiscover how the National Home Energy Upgrade Scheme can help you save money on your energy bills by upgrading your home's energy efficiency. Learn about eligibility criteria, available grants, and how to apply.
Read more »
Home Energy Upgrade Loan: Up to €75,000 Available for Energy Efficient Upgrades in IrelandThousands of Irish homeowners can access low-interest loans of up to €75,000 to make their homes more energy efficient. The Home Energy Upgrade Loan scheme is designed to make energy upgrades more affordable and accessible, offering significant financial incentives.
Read more »
Quinn Industrial Holdings Chief Executive's Abductor Loses Appeal and Ordered to Pay State CostsLuke Harte, convicted for the abduction and assault of Quinn Industrial Holdings chief executive Kevin Lunney, lost his appeal against the decision to try him in the non-jury Special Criminal Court. He was ordered to pay the State's costs for the failed appeal.
Read more »
Dáil Chaos: Speaking Time Dispute Threatens Micheál Martin's ElectionThe election of Micheál Martin as Taoiseach was thrown into disarray on Wednesday due to a clash over speaking rights in the Dáil. The Regional Independent Group (RIG), which helped secure the government deal, attempted to form a technical group to gain more speaking time, sparking controversy as they have pledged their support to the government. Opposition parties, demanding guarantees that their speaking time wouldn't be compromised, refused to proceed without assurances.
Read more »
High Court to Decide on Fate of £2 Million Stallion Amid Ownership DisputeThe High Court in Ireland is set to determine the temporary housing of a valuable breeding stallion, Sands of Mali, estimated to be worth between £2 million and £3 million, while a legal battle over ownership unfolds. Businessman Steven Parkin and bloodstock expert Joe Foley, managing director of Ballyhane Stud, are locked in a dispute over the horse's ownership, with Parkin and his company claiming full ownership while Foley asserts a 50% share.
Read more »