Nick Politis’ company in court case with Sydney restaurant owners

·

Sydney mother and daughter restaurateurs, Giovanna and Paola Toppi, are locked in a $1.5 million legal stoush with a company of which Sydney Roosters chairman, Nick Politis, is a director.

The Toppi family, who made the renowned Machiavelli’s in Sydney’s CBD a power-lunch institution for politicians and millionaires, could lose the premises which houses their latest Italian eatery — Bar M at Rushcutters Bay — after allegedly not repaying a loan, according to documents lodged with the NSW Supreme Court.

WFR Motors, of which Mr Politis is a director, is the landlord of the Bar M site.

The Bar M site.

In October 2018, it loaned Paola Toppi’s company Bar M Pty Lt $1.1 million so she could settle another court case which included $837,000 which was owed to fit out the building.

Her widowed mother Giovanna, 84, is also being sued because she guaranteed the loan. Giovanna has denied she is liable, claiming she trusted her daughter and did not read the documents Paola asked her to sign.

WFM is claiming a total of $1.135 million, in the case, which includes interest, vacant possession of Bar M and also the proceeds of the sale of 95 Macleay St, Potts Point.

Nick Politis.

That address is the former site of Giovanna’s famous La Strada restaurant which was a regular haunt of the rich and famous and visiting entertainment stars such as Mick Jagger, Elton John and Shirley Bassey during the 1980s.

This is the latest financial drama to hit the family since Paola’s sister Caterina sold Machiavelli’s in 2015 after Paola signed her shares over to Caterina.

The case is yet to be determined by a judge. Last Friday, Justice Rowan Darke adjourned the matter to June 4 for a directions hearing.

FULL STORY: The Daily Telegraph.

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

From Metallica to Maritime: The many lives of Greek shipping tycoon Harry Vafias

Though Greek shipping tycoon, Harry Vafias, spends much time working, it certainly isn't a case of 'all work and no play.’

‘I want them to know their word matters’: Peter Georgiou stands against gender violence

Peter Georgiou, a real estate agent from Rushcutters Bay and father of four-year-old twins Leila and Lola, believes change begins at home.

Thessaloniki’s Byzantine walls to shine with new light project

Thessaloniki’s iconic Byzantine Walls are set to be illuminated under a major cultural initiative announced by the Greek Ministry of Culture.

Greek World Heritage Cities face rising climate threats

Iconic Greek cities—Athens, Thessaloniki, Corfu, Rhodes, and Patmos—face serious climate threats, according to a new UNESCO-backed report.

Are apps like Duolingo enough to learn Greek, or do we need a tutor?

For many people who want to learn conversational Greek, an app, can be a very useful addition to your program.

You May Also Like

The 15+1 top stories of 2021 as decided by The Greek Herald’s readers

From celebrations for the Greek Revolution bicentenary to a 104-year-old living Anzac, here is TGH's list of the 15+1 most-read stories.

‘Confronting the past’: Greek Prime Minister on the Asia Minor Catastrophe

Greek PM, Kyriakos Mitsotakis, attended the opening of the 'Asia Minor: Shine, Destruction, Uprooting' exhibition at the Benaki Museum.

Northcote and Reservoir centres used by Greek seniors to receive $20,000 in Labor pledge

Ged Kearney MP today announced that he will support the upgrades of both the Northcote and Reservoir senior citizens centres.