A dispute over the buyout of MasterChef Ireland co-presenter Nick Munier's shareholding in a Dublin restaurant has been settled, the High Court has heard.
Earlier this week, the court was told the dispute had arisen over an alleged delay in implementing the deal to buy Mr Munier’s shareholding in Pichet restaurant on Trinity Street.
After a mediation process, terms of settlement of legal proceedings brought by Mr Munier, relating to Dillmel Ltd, the operating company of Pichet, were agreed but had not been implemented.
Mr Munier’s proceedings were brought against Frank Gleeson, Marie Gleeson, Pichet head chef Stephen Gibson and Sean Hawkshaw, and related to matters including disputes over shareholdings and directorships in the company, the court was told.
Mr Munier alleged that the affairs of the company were being carried out in a manner oppressive to him, in breach of the Companies Act.
He had also brought the proceedings against Dillmel solely for the purpose of implementing any orders made.
The buyout deal was due to close on November 17th.
Mr Justice Paul Gilligan was told yesterday by Gary McCarthy SC, for Mr Munier, that Dillmel had agreed to comply with the terms of the settlement.
Aillil O’Reilly, for Dillmel, later applied for the entire proceedings to be struck out. He said the settlement meant the restaurant would remain open for Christmas.