No formal decision on McKillen loans

The National Asset Management Agency (Nama) has still not made a formal decision to acquire the €2.1 billion in loans owed by property investor and developer Paddy McKillen, writes Gavin Daly.

19th March, 2011

The National Asset Management Agency (Nama) has still not made a formal decision to acquire the €2.1 billion in loans owed by property investor and developer Paddy McKillen, writes Gavin Daly.

The Supreme Court ruled on February 3 that Nama had not made a legally-valid decision to acquire McKillen’s loans, as an interim decision to take on the loans was made before Nama was formally established. While Nama was expected to look at McKillen’s loans...

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