High Court agrees date for Treasury Holdings hearing

The High Court has agreed an early hearing date for a challenge by Treasury Holdings against NAMA's decision to appoint receivers to some of the company's properties.

High Court agrees date for Treasury Holdings hearing

The High Court has agreed an early hearing date for a challenge by Treasury Holdings against NAMA's decision to appoint receivers to some of the company's properties.

An issue remains as to whether a full or preliminary hearing will take place on February 21.

Treasury Holdings is trying to stop NAMA from appointing receivers to parts of its property portfolio, including real estate in Dublin's Docklands, Stephen's Green and in Ballymun.

The properties have been pledged as security for NAMA loans of €500m.

Today, senior counsel Michael Cush for Treasury Holdings secured February 21 for an early High Court hearing of the challenge.

Mr Cush also said the State should be joined as a notice party because constitutional issues will be raised.

Cian Ferriter for NAMA told the court that on January 10, Treasury Holdings gave an unequivocal undertaking that they would not issue legal proceedings against the receivers' appointment if NAMA agreed to a 14-day standstill period.

He said this would be a significant issue at the hearing, a point immediately disputed by lawyers for Treasury Holdings.

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