Friday 24 November 2017

McKillen 'to continue to fight'

An Irish property developer has been told to pick up another legal bill after losing the latest stage of a high stakes court battle with two of the UK's best-known businessmen.

The Court of Appeal ruled against Patrick McKillen after analysing his dispute with twins Sir David and Sir Frederick Barclay over control of a £1 billion company which owns three of London's most famous hotels.

Three appeal judges said Mr McKillen, who comes from Belfast but is based in Dublin, must pay most of the Barclay brothers' legal costs as well as his own.

Last year Mr McKillen lost the opening round in the High Court - when a judge had said he should pay all sides' legal costs.

A spokesman for businesses controlled by the Barclays said Mr McKillen could be facing a costs bill in the region of £20 million.

Judges heard that Mr McKillen and the Barclay brothers were investors in Coroin, the company which owns and manages Claridge's, the Connaught and the Berkeley hotels.

Mr McKillen claimed that company affairs were conducted in a ''manner unfairly prejudicial to his interests''.

The Barclay brothers disputed the claims and said Mr McKillen's allegations were designed to tarnish their reputations and embarrass them. "This is a total and complete defeat for Mr McKillen," said a spokesman for Barclay family companies. "His claims have been flatly rejected ... yet again."

Mr McKillen said he was disappointed but would "continue to fight".

Appeal judges heard evidence at a hearing in London in February and have now ruled. The High Court had delivered a judgment in August 2012.

Press Association

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