Saturday 24 June 2017

Quinlan's wife was 'in tears' after McKillen row, court told

Belfast developer Paddy McKillen leaving The Rolls Building at the High Court in central
London
Belfast developer Paddy McKillen leaving The Rolls Building at the High Court in central London

Shane Hickey in London

THE wife of Derek Quinlan was reduced to tears when the former financier was subject to "some very strong words" from developer Paddy McKillen or one of his team during a battle to control three high-end London hotels, it was claimed in court yesterday.

A senior member of the Barclay brothers' organisation said Mr Quinlan's home was in a "state" following a confrontation between the two sides over attempts by David and Frederick Barclay to take over Coroin, which owns Claridges, the Connaught and the Berkeley hotels.

Mr McKillen is suing the brothers over their attempts to take control of the company. The Irish businessman owns 36pc of the £1bn (€1.2bn) company, while the Barclays have 64pc, having acquired the debt -- secured on Mr Quinlan's shareholding -- from NAMA.

Hotels

Mr McKillen claims that Mr Quinlan's 35pc stake should have been offered to him and he is seeking a ruling that he has the right to buy the remaining shares.

On the first day of the case to hear from a member of the Barclays side yesterday, Richard Faber -- a former director of Coroin, who was appointed by the brothers -- said Mr McKillen had behaved very badly.

Last January, when Mr Quinlan entered discussions with the Barclays to buy his share of the company, Mr Faber said he called around to his home in Putney to find it in a "state".

"Mrs (Siobhan) Quinlan and her small children were in tears and I surmised that Mr Quinlan had been subjected to some very strong words from Mr McKillen or those acting for him," Mr Faber's witness statement to the High Court said.

Mr Faber is expected to continue giving evidence this morning.

Irish Independent

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