Developer claims he is owed €3.3m tied to Fibonacci Square office complex
Johnny Ronan has filed proceedings in the High Court seeking a €3.3 million judgment against a company linked to his former backer, Fortress Investment Group.
Mr Ronan claims in his legal filings that the deal included a provision that he was entitled to 75 per cent of any business interruption claim made in respect of Fibonacci Square. He says that such a claim was made and paid out in March 2024.That claim was worth €5 million, he says in his court papers, of which he is entitled to €3.3 million, and has filed proceedings against an Isle of Man-based entity called Aquela Limited.
The current High Court proceedings are the latest in a much wider legal dispute between Mr Ronan and Fortress, which effectively helped to refinance Mr Ronan’s debts in 2021.
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