Judgment reserved on Point Village store dispute
The High Court has reserved judgment on an action by businessman Harry Crosbie’s company Point Village Developments (PVD) against Dunnes Stores over its failure to fit out an anchor store at Dublin’s Point Village.
The case arises from agreements between Dunnes and PVD in February 2008 for the building and operation of a flagship store at the site.
The agreements involved Dunnes paying €46 million, plus VAT, for certain works but disputes later arose between the parties. A settlement agreement in July 2010 effected variations to the original agreement, including the sum involved being reduced to €31 million.
Since then, the parties have disagreed over the interpretation of the part of the 2010 settlement relating to the start date of the fitting out of the anchor store.
The case concluded yesterday before Ms Justice Mary Laffoy who said she would give judgment as soon as possible.