The National Asset Management Agency is free to transfer loans without restriction, according to the English Court of Appeal ruling on the transfer of the Maybourne Hotel Group to the Barclay Brothers.

Nama raised €2.7bn from divestments through to the end of September last year, Finance Minister Michael Noonan said.

Two billionaire brothers have been keeping afloat the developer Derek Quinlan, once one of Ireland’s richest men, a British court heard yesterday.

DEVELOPER Patrick McKillen, who holds 36% of Maybourne Hotels Ltd, is suing fellow shareholders Daily Telegraph owners David and Frederick Barclay in a dispute over a deal involving the landmark London hotel operator’s debt.