Tycoon stung for €1.25m legal fees in Nama case

Northern Ireland developer Frank Boyd took an ill-fated action against the state agency to recover millions in interest swap payments

Northern Ireland developer Frank Boyd (right), had a large property portfolio in Ireland and Britain that included the Bridgewater Shopping Centre in Arklow, the Connswater in Belfast and the Pavilion in Hertfordshire in England.

Nama has recovered substantial legal fees from winning an acrimonious court battle with a Northern Ireland property developer.

Details of its legal fees for 2020 include a note referring to “recovery of costs pursuant to a court order in Nama’s favour” in relation to London law firm Hogan Lovells.

The case is understood to relate to legal action taken by Frank Boyd, one of Northern Ireland’s wealthiest men, who lost a case against Nama in ...