J.W. O’Donovan Solicitors LLP announces SHARE as its 2022 Charity Partner

 

 

J.W. O’Donovan Solicitors LLP are delighted to announce SHARE as its Charity Partner of the Year for 2022.

SHARE is a charitable organisation based in Cork, dedicated to providing housing and other support for the elderly. Over the past 52 years they’ve “brought help and hope, homes and happiness to the lonely old people who have been forgotten by society”.

SHARE provides supported independent living in their 140 comfortable and secure housing units across seven different locations, have piloted a dementia outreach programme which sees vetted volunteers and students visiting people living with dementia, and have up to 125 daycare centre clients, for whom they provide medical and social support services.

J.W. O’Donovan Solicitors LLP will announce as the year continues what we have in store in order for us to be able to support SHARE and how you can help them too. In the meantime, donations are welcome through their website.

J.W. O’Donovan Solicitors LLP acts for Trustap Limited in €3.1 million fundraising

John Fuller (Partner, Corporate) of J.W. O’Donovan Solicitors LLP has acted for Trustap Limited in relation to its recent fundraising of €3.1 million from Middlegame Ventures, Act and Atlantic Bridge.

Trustap is a digital transaction platform that protects a purchaser from being scammed when transacting with someone they don’t know and essentially brings peace of mind to the user when engaging in an online or face-to-face transactions.

Trustap Limited was founded in Cork in 2017 and is growing quickly, with offices in Ireland, the UK and the US. Chief executive and founder Conor Lyden is quoted in saying “the one thing that has been a big focus for us, is hiring more developers, and also the build out of our sales team, particularly in the US.” The largest fundraise to date for the company will see their Irish team grow again and will be used for marketing, expanding into new markets, and the roll out of new features.

J.W. O’Donovan Solicitors LLP were delighted to act in the fundraising for this Cork headquartered company and look forward to what’s to come for Trustap Limited.

FBD Judgment – Court clarification on compensation for disturbed pubs

The High Court has provided clarification on the extent of losses that Insurance group FBD must cover under its business interruption policy. Certain issues in relation to the scope of losses were raised a test case of four pubs. Following on from our previous articles in relation to this interesting case, Justice Denis McDonald ruled that FBD must indemnify Sean’s Bar in Athlone, as well as the Lemon and Duke, The Leopardstown Inn and Sinnott’s in Dublin as a result of these businesses having to close due to the Covid-19 pandemic.  It is reported that the ruling will affect an estimated 1,000 pub policies.

In Mr. Justice McDonald’s recent judgment, he provided further clarity concerning the issues to be taken into account by FBD in assessing the amount of compensation to be paid to the businesses.

Mr. Justice McDonald found that the Dublin pubs were subject to an early closing requirement during a number of periods from the 10th of August 2020 and were entitled to be indemnified in respect of the losses they had suffered.  He was also asked to adjudicate on a claim by the pubs for compensation in relation to retaining staff and continuing to pay certain staff while the premises were closed.  He found each of the claims to be partly successful, with the exception of the Leopardstown Inn in light of the evidence.

Mr. Justice McDonald noted the extensive efforts made by the parties to address the issues regarding the quantum of the losses and in relation to those issues that remained outstanding.

The Judge also concluded that FBD is not entitled to pursue any issue in relation to under insurance.

The case will return before the Court next month wherein we will provide a further update in relation to this interesting case.

Please email any queries to clehane@jwod.ie

J.W. O’Donovan LLP acted in the sale of Demesne Electrical Sales Limited to OEM International

J.W. O’Donovan LLP acted as legal advisors to the shareholders of Demesne Electrical Sales Limited in the sale of the company to OEM International.

The acquisition, which took effect on the 13th of January 2022, sees OEM International acquire Ireland’s leading independent importer and distributor of electrical control, switchgear, energy saving & installation products. Founded in 1977, Demesne Electrical has grown from humble beginnings in a house Dublin’s Robin Hill Road to a HQ facility in Dublin 24 and national distribution centres in Cork and Dungannon. The company’s total revenue is now circa €20 million. OEM International’s President and CEO Jörgen Zahlin is quoted in saying that their company’s ambition is to “further develop and grow the existing Demesne business and to gradually strengthen the customer offering”. Now under new ownership, Demesne Electrical Sales Limited will continue on a path of further innovation and excellence in the electrical industry.

The team at J.W. O’Donovan LLP was led by John Fuller (Partner, Corporate), with assistance from Anne-Marie Linehan (Partner, Property), and David Pearson (Partner, Employment).