A dispute between Tullow Oil and the landlord of a South Dublin premises it entered into lease agreements with, has been admitted to the fast-track commercial court list.
The action has been brought by Central Park GP Co Propco Ltd against Tullow Oil Ltd and the Uk registered Tullow Oil PLC over three lease agreements for the fifth sixth and seventh floors of the Central Park building at Leopardstown in Dublin 18.
The value of three lease agreements to the landlord, it is claimed, total some €1.3m per year.
Central Park, represented by Declan McGrath SC claim the agreements are not due to expire till 2031.
The court heard that the defendants' claims that they are fully entitled to break the lease agreements, which had been in place for several years.
The oil exploration firms' solicitors say that there is "no logic" to Central Park's claim that Tullow Oil is not entitled to exercise the break options contained in the various lease agreements.
It is action Central Park seeks various declarations from the court that the purported break notices, which were served on the plaintiff between February of this year and August 2020, are of no legal effect and are invalid.
It further seeks damages for what it claims is a breach, that Tullow Oil Plc continue to pay all rent and charges due under the lease agreements.
The action was admitted to the fast-track commercial court list by Mr Justice David Barniville who said he was satisfied that the dispute was commercial in nature and should be included in the list.
There was no objection to Central Park's application to have the case admitted to the list.
The case will be mentioned before the court later this year.
