Titanic row settled as to ownership of valued replica
A HIGH Court dispute between former partners over the ownership of a replica of the Titanic has been settled.
Last month Carmel McGrath, who claimed she paid the costs of building the 16ft-long replica, secured a High Court injunction restraining Hungarian national Zoltan Panka from selling the model of the ill-fated ship that sank more than 100 years ago.
Ms McGrath claimed that without any permission, Mr Panka took the model from her home at Glenview Park, Dillons Cross, Cork while she was away.
She feared Mr Panka would sell the model, estimated to be worth up to €70,000, which she claims is jointly owned by the pair.
However Mr Panka denied there was any commercial relationship between the two concerning the model or that he intended to sell it.
He claimed that after taking the model he had received threatening text messages from Ms McGrath, a claim she rejected.
Yesterday when the matter returned before the High Court, Ms Justice Maureen Clarke was told the matter had been resolved on terms not disclosed in court.