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A Dublin-based internet advertising agency owes some $1.8 million (€1.7 million) to 2 companies to which it outsourced a few of its companies, it has been claimed in Industrial Courtroom proceedings.
V Media Doo, a Montenegro agency, and First Click on Advertising Operations Administration Ltd, which is registered in Abu Dhabi, within the United Arab Emirates (UAE), each based by Veselin Terzic, who relies in Montenegro and the UAE – are suing TechAds Media Ltd, of the Black Church, St Mary’s Lane, Dublin.
The 2 companies say they’re owed the cash for companies offered to TechAds beneath agreements made in February final 12 months.
TechAds supplies internet visitors to sure web platform suppliers or “companions” of TechAds. It engaged sure events, together with V Media and First Click on, to offer visitors to its companions with a view to facilitate the companions in creating promoting income.
Invoices for sums totalling $1.8 million have been raised however final June TechAds suggested the cash have been on maintain pending an investigation. It was claimed the investigation was into potential “breaches of restrictions” by the plaintiff firms.
Peter Boyle, solicitor for the 2 plaintiff companies, mentioned in an affidavit that no particulars of the purported investigation have been offered by TechAds regardless of requests to the corporate to take action. TechAds later terminated the settlement with the 2 firms over what it claimed was their failure to remedy the alleged breaches.
Mr Boyle mentioned it was not potential to remedy any breaches with out these breaches being recognized by the defendant.
On Monday, the plaintiff firms utilized to Mr Justice Denis McDonald to have the case admitted to the fast-track Industrial Courtroom.
The choose, who was instructed there was no objection to admission and that there could also be a counterclaim by TechAds, entered the case into the business checklist and adjourned it to Could.