Two of the country's leading businessmen are embroiled in a High Court action over ownership of shares in a multi-million euro company which was set up to become involved in mobile phone operations in the Caribbean.
The proceedings, brought by Ossie Kilkenny against Denis O'Brien, opened for a short time in the High Court today but were then adjourned and will be mentioned in court again on April 5.
In his action, Mr Kilkenny is seeking a declaration that he is the beneficial owner of 13.5% of the issued share capital of Digicel Ltd, with its registered office in Kingston, Jamaica.
He also sought an injunction restraining Mr O'Brien taking any steps to dilute the plaintiff's shareholding in Digicel and damages for alleged breach of contract.
In the defence it was admitted that Mr Kilkenny and Mr O'Brien have at all material times been beneficial owners of shares in Digicel.
It was also admitted that they, and subsequently Leslie Buckley, agreed to invest in a company which became Digicel with the intention of acquiring mobile phone licence in Trinidad and Tobago and the subsequent development of that business.
