Judgement reserved in McKillen's action against NAMA

The Supreme Court has reserved judgement on the action by property investor Paddy McKillen aimed at preventing the National Assets Management Agency acquiring some €2.1bn loans made to himself and his companies.

Mr McKillen has brought an appeal against a High Court decision clearing the way for NAMA to acquire loans of Mr McKillen and his companies with Bank of Ireland. The case has implications for the €2.1bn loans held by the McKillen companies with the participating institutions in NAMA.