Hotelier’s Counterclaim ‘Unsustainable,’ Investment Co. Says

Law360, London (March 24, 2020, 5:19 PM GMT) -- An Irish investment company has fought back on a breach of contract claim filed by the luxury hotelier it is suing over outstanding loan fees, arguing that the action should be struck out because there is no right to sue.

Adare Finance DAC said in a new filing with the High Court in London that French businessman Michel Ohayon gave up any rights to file a claim arising out of the loans at the heart of the lawsuit against him, due to a deed of termination that came into effect in October.

“The counterclaim is unsustainable in law,” Adare Finance said...

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