Denis Brosnan says former son-in-law has personal liability for bank debt
Mr Brosnan says he paid off the loan in 2020. He claims Mr Cramer now owes him some €484,000 plus continuing interest, which stood at €238,201 as of June 2021.On Tuesday, Mr Justice Garrett Simons found the asserted defence was credible and should go to a full plenary hearing.
“The relevant circumstances include the close family relationship between the plaintiff and the defendant, and the blurring of the distinction between personal debt and the debt of the company”, he said. Ms Brosnan separated from Mr Cramer in 2020, and divorce proceedings in the US appear to have been stayed to await the outcome of other litigation between Mr Brosnan and Mr Cramer, the judge said.
Mr Brosnan claims in the US proceedings that he is entitled to a majority shareholding on the basis of the promissory note.
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.
EU’s top court to hear high-stakes Irish Apple tax appeal in MayECJ sets hearing date for May 23rd via IrishTimesBiz
Read more »
High Court quashes Abbott’s planning application for €10 million facility expansionAbbott has said it is reviewing its options after the High Court quashed its planning application last week for a €10 million expansion of its infant formula manufacturing facility in Cootehill on the Cavan-Monaghan border.
Read more »
Further hearing required in High Court case over permission for South Circular Road developmentFurther hearing required in High Court case over permission for South Circular Road development via IrishTimesBiz
Read more »
High Court quashes Abbott’s planning application for €10 million facility expansionUS healthcare and life sciences company had aimed to expand its infant formula manufacturing facility on the Cavan-Monaghan border
Read more »
Man in critical condition following road collision in Kerry last nightThe injured man, who was walking in the area, was taken by ambulance to Cork University Hospital where he is in a critical condition.
Read more »
Man (50s) in critical condition after being struck by car in Co KerryRoad remains closed with diversions in place
Read more »