Hotelier and publican Hugh O’Regan is being pursued for €9.1 million arising from allegedly irrevocable guarantees provided by him related to a deal concerning the Harbourmaster pub and premises in Dublin’s International Financial Services Centre.
The proceedings against Mr O’Regan, Park Avenue, Dublin 4, were admitted to the Commercial Court today by Mr Justice Frank Clarke, who was told Mr O’Regan would be seeking to have the matter referred to arbitration.
Bernard Compton, for the plaintiffs, said they were seeking to enforce and indemnity and guarantee provided by Mr O’Regan and could not see there was any dispute such as permitted the matter which required the matter to be referred to arbitration. His clients wanted the matter dealt with as soon as possible, counsel added.
Mr Justice Clarke said he would adjourn the case for two weeks to allow Barry Mansfield, for Mr O’Regan, bring a motion for a stay on the action pending arbitration.
