High Court dispute between Elliott brothers resolved

A High Court dispute between brothers Patrick and Paul Elliott concerning the management of Elliott Construction Ltd, a County Cavan property company, has been resolved. Patrick Elliott, who holds a 60 per cent shareholding and serves as chief executive, had sought an order under the Companies Act 1961 to convene a general meeting with a single shareholder present. His application aimed to facilitate the appointment of an additional director to the company's board. Paul Elliott, a 40 per cent shareholder and director, opposed the application. The disagreement between the brothers arose from works undertaken on Shelbourne Plaza in Ringsend in 2008, and previous mediation efforts had proved unsuccessful. Following discussions facilitated by Mr Justice Paul Gilligan, both parties consented to the matter being struck out. The terms of the settlement remain confidential. The judge welcomed the resolution of what he described as a difficult situation.