• McKillen wins NAMA case

Paddy McKillen has won his Supreme Court battle against NAMA, preventing it from taking control of Eu2.1bn of loans.

The decision in December 2009 to transfer the loans was ruled to be not valid because it was made prior to the agency’s formation. Frank Daly, NAMA chairman, warned other prospective challengers that the decision related "specifically to the particular case as presented by Mr. McKillen and does not have implications for other acquisitions now completed by NAMA".

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