McKillen NAMA hearing date set

THE Supreme Court appeal by property investor Paddy McKillen aimed at preventing the transfer of some €2.1 billion in loans to the National Assets Management Agency will be heard on December 15.

A stay on the proposed transfer continues to apply pending the appeal.

Mr McKillen and 15 of his companies are appealing against the rejection by a High Court last month of their challenge to the transfer to NAMA of their loans with Bank of Ireland. The case has implications for other loans held by the applicants with other participating financial institutions in NAMA.