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Cape Town - Richard Griffin, managing director of dinner theatre and restaurant group Madame Zingara Holdings, has paid an undisclosed sum to his former business partner to settle a legal battle that has lasted four years.
Anton van Druten, who sold his shares in the now-liquidated Madame Zingara cc, took Griffin to court after the balance of R833 332 - for his shares - was allegedly not paid out to him.
After the close corporation, which operated as a restaurant in Loop Street, closed its doors following a fire in 2006, Madame Zingara was resurrected under the name Madame Zingara Holdings.
Madame Zingara’s Theatre of Dreams, a burlesque dinner show in a movable tent, is at the V&A Waterfront.
Van Druten’s lawyer, Ross Kudo, told the Cape Argus that Griffin paid an amount, and in turn, his client decided to withdraw the matter.
“Griffin paid an amount to my client to stop the sequestration order… The provisional order of sequestration granted against Griffin has been discharged,” Kudo explained.
In the affidavit filed with the Western Cape High Court, Van Druten said he and Griffin had been members of Madame Zingara cc, with Van Druten owning 20 percent and Griffin 40 percent.
In 2008, when Griffin wanted to take the production overseas, Van Druten agreed to sell his R3.25m stake to Griffin. Van Druten said Griffin honoured the first payment of R2m and made two later cheque payments of about R208 333 each. But the balance of R833 332 was not paid, he alleged.
Van Druten applied for a default judgment and this was granted by Judge Monde Samela on February 28 this year. Griffin was ordered to pay the outstanding balance, and interest.
Van Druten then brought an application to have Griffin sequestrated.
In August, Judge Anton Veldhuizen granted an order placing Griffin’s estate under provisional sequestration.
The matter was postponed to October 15 so Griffin could show why the provisional order should not be made final, but it was postponed again to on Wednesday, because the parties indicated they wanted to settle.
Rachel Irvine, spokeswoman for Madame Zingara Holdings, would not comment, saying it was a private matter between Griffin and Van Druten.
“Griffin is employed by Madame Zingara Holdings in the capacity of managing director. He is not a shareholder of the company. This a private matter between Van Druten and one of our employees,” Irvine said.