Judgment reserved in developer’s NAMA challenge

A EUROPEAN Commission letter to a Fine Gael senator about which loans may be acquired by NAMA had complicated matters, a High Court judge said yesterday.

Mr Justice Frank Clarke said the letter will now be considered by a three-judge divisional court of the High Court set up to hear a constitutional challenge to NAMA by property developer Paddy McKillen.

Judge Clarke said it was important in the public interest that any matters to be clarified with regard to the operation of NAMA should be fully explored at the full two-week hearing, which begins on October 5.