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Sat 07 Jul 2009Paddy Kelly opposes $5.7m Florida judgment
PROPERTY DEVELOPER Paddy Kelly and two other businessmen are resisting a bid to enforce here a $5.77 million (€4.13 million) judgment granted against them by a Florida court. They argue the judgment was secured on foot of a settlement which may breach US tax law.
Bussoleno Ltd, described as a British Virgin Islands company, has brought proceedings in the Commercial Court to enforce the Florida court’s judgment but Mr Justice Peter Kelly was told yesterday the defendants intend to bring proceedings in the US to set aside both that judgment and an underlying mediated settlement.
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