Date set for case against Nama

The challenge by troubled developer Treasury Holdings to the Nama decision calling in about €1bn of Treasury’s loans will be heard at the Commercial Court next month.

The legal costs of the case are expected to reach over €1m.

Ms Justice Mary Finlay Geoghegan yesterday fixed Jul 3 for the hearing of the judicial review challenge by Treasury against Nama, KBC Bank, and the Irish Bank Resolution Corporation, formerly Anglo Irish Bank. The two receivers appointed by Nama over various Treasury properties here are notice parties to the case.