Mr Brosnan says he paid off the loan in 2020. He claims Mr Cramer now owes him some €484,000 plus continuing interest, which stood at €238,201 as of June 2021.On Tuesday, Mr Justice Garrett Simons found the asserted defence was credible and should go to a full plenary hearing.
“The relevant circumstances include the close family relationship between the plaintiff and the defendant, and the blurring of the distinction between personal debt and the debt of the company”, he said. Ms Brosnan separated from Mr Cramer in 2020, and divorce proceedings in the US appear to have been stayed to await the outcome of other litigation between Mr Brosnan and Mr Cramer, the judge said.
Mr Brosnan claims in the US proceedings that he is entitled to a majority shareholding on the basis of the promissory note.