The Commercial Court will decide on Monday whether to grant leave to appeal to Paddy McKillen following the developer’s failed challenge to NAMA's acquisition of his €2.1bn loan portfolio.

The National Asset Management Agency (NAMA) has completed the transfer of the second batch of loans from AIB, Bank of Ireland, Irish Nationwide Building Society and EBS.

Lawyers for a businessman and 14 of his companies say their legal challenge to Nama is not a "full-frontal attack" on the agency.