A man must pay €245,000 to buy out his brother in a dispute over the running of a former drilling company in Co Kerry they jointly owned, the High Court ruled. The ruling arose out of a failure to honour an agreement a year ago to settle the dispute between Noel and Leo Hilliard over their former Hilliard Drilling Ltd business, in Listowel, Co Kerry. Noel, as part of the agreement, was to pay €250,000 to Leo to buy out Leo's 50% interest in the company, but this did not happen. Leo brought High Court proceedings in the name of Hilliard Drilling against Noel and the new company. The case was settled in April last year with Noel agreeing to pay the €250,000 but he only paid €5,000.

Source: Irish Examiner April 12, 2019 14:48 UTC