Legal
Judgment of $160 million granted against billionaire Parknasilla Hotel owner Jacqui Safra
Jacqui Safra, who listed Garinish island in Kerry as his residence on formal documents, is being pursued by MCG California
A private finance firm has been granted summary judgment of $160 million against the Swiss Lebanese owner of the Parknasilla Hotel, a High Court judge has ruled.
Jacqui Safra, who also owns and resides on nearby Garinish Island, in County Kerry, had resisted the enforcement of a $192 million judgment from the New York Supreme Court in favour of MGG California LLC, his lender.
The $192 million judgment, which Safra consented to entry of, arose from his guarantee on loans to Spring Mountain Vineyard Inc (SMV), a winery business he previously owned.
