Court: McKillen entitled to NAMA hearing

A SEVEN-judge Supreme Court has unanimously ruled that property investor Paddy McKillen is entitled to an opportunity to make representations to NAMA before the “bad bank” can decide whether or not to acquire €2.1 billion loans of his companies.

There was a real risk the property and contractual rights of Mr McKillen and his companies may be directly and adversely affected by any proposed loans acquisition, the court said.

The general principles of fairness and due process derived from the Constitution entitled the McKillen side to be informed by NAMA of any intention to consider making a decision to acquire their loans and to be give an opportunity to make appropriate representations in advance of any decision.