FAMILY OF DONEGAL TYCOON STEP UP COURT BATTLE OVER HIS €300M EMPIRE

first_imgThe adult children of one of Donegal’s most successful businessmen Hugh Green have stepped up their ongoing court dispute over his €300 million fortune.Hugh Green at his business headquarters before his death.Mr Green was penniless when he left Ireland for New Zealand in 1951, building his huge wealth through construction, farming and property investment before he died in 2012 aged 80.He never forgot his roots, often returning to spend summer periods in Donegal and making large donations to many local organisations including Letterkenny General Hospital. However, a massive row between his children over his empire has now cast a dark shadow over his legacy.Shortly before his death, changes were made to the governance of the trusts and companies that managed his assets.Son John and daughter Frances were appointed as directors and trustees of the various bodies, while his other daughter, Maryanne, ended her trustee and director roles.John and Frances were appointed executors of a new will for Green that was signed in April 2012, months before he died. Maryanne Green is challenging the validity of the new will and other powers exercised by her father in late 2011 and early 2012 claiming he was not of sound mind.She claims Green was improperly influenced by John and Auckland barrister Michael Fisher, who has been appointed to various roles in the Green business empire.A ruling from Chief High Court Judge Helen Winkelmann is due within the next two months.However, his feuding family returned to the High Court in Auckland yesterday.Daughter Maryanne is seeking to stop new trustees from being appointed, or significant distributions being made, until the judgment is issued. Justice Winkelmann said the court’s time was being wasted, and suggested the two parties should be able to resolve the issue independently.She adjourned the hearing to give the defence counsel time to consult the trustees.Maryanne’s lawyer, Vanessa Bruton, said she would seek an urgent hearing if the matter was not resolved by the end of the Easter break.FAMILY OF DONEGAL TYCOON STEP UP COURT BATTLE OVER HIS €300M EMPIRE was last modified: April 2nd, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:childrenCOURT BATTLEdonegalHugh GreenNew Zealandwilllast_img read more