Lough Erne Resort deal on ownership expected soon
Legal action over the ownership of land at the five-star Lough Erne Resort is set to be resolved, the High Court heard.
A confidential settlement in the case brought by Roy Cathcart is expected to be confirmed early next month.
Mr Cathcart issued proceedings against Castlehume Leisure Limited, former owners of the Co Fermanagh hotel and golf resort which hosted the 2013 G8 Summit.
The Department of Agriculture and Rural Development was named as a second defendant.
It is understood the case involves a dispute over the ownership of a piece of land in the area.
The resort outside Enniskillen is among the most luxurious in Ireland. It includes 120 bedrooms and features two championship golf courses, one designed by Sir Nick Faldo.
At one stage Rory McIlroy was enlisted as touring professional at the facilities.
The resort, which cost an estimated £35m to build, continued to operate after it was placed into administration in 2011.
Two years later it enjoyed global exposure when US and Russian presidents Barack Obama and Vladimir Putin were among world leaders who gathered there for the G8 Summit.
In 2014 it was reported to have been sold for less than £10m to US investment firm Tralee Portfolio Management.
The legal action against the previous owners was listed for a four-day hearing.
But in court yesterday Michael Humphreys QC, for Castlehume, revealed that the terms of a settlement had been agreed.
He said one further conveyancing issue was due to be dealt with by the end of this month.
"At that stage we will be asking that the matter be settled on terms endorsed," the barrister added.
Having been briefed on developments, Mr Justice Deeny agreed to adjourn the case until May 8.