Monday 18 December 2017

McKillen to lob in libel claim

PROPERTY developer and investor Paddy McKillen is as busy with the courts as ever. Poised to lob in a libel claim related to a statement issued last year by London-based PR firm Powerscourt, the tale of his imploded relationship with Britain's billionaire Barclay brothers continues to smoulder.

Powerscourt – which was founded by Rory Godson, the former business editor of the Irish edition of 'The Sunday Times' – issued a statement in November, claims McKillen, which he says questioned his motivation for bringing proceedings to the UK Court of Appeal in relation to the long-running action involving the Barclays.

Belfast-born McKillen, pictured, has been fighting to retain control of the Coroin, the firm behind luxury London hotels Claridges, the Connaught and the Berkeley. The defamation claim, which is being prepared for Dublin's High Court, is also set to name Maybourne Finance as one of the defendants.

That firm represents the Barclay brothers' interests, having been used to acquire €800m of loans attached to the hotels and sold by NAMA. The action will add to what is set to be a busy time for the courts this year. The Supreme Court is set to hear high-profile appeals in unrelated cases involving Ryanair, Dunnes Stores and Century Homes' founder Gerry McCaughey. All rise.

Irish Independent

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