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Property developer McKillen given permission to appeal London ruling

RTE
Property developer McKillen given permission to appeal London ruling - property developer - UK - McKillen


The Court of Appeal in London has granted Paddy McKillen permission to appeal a ruling on his legal action against the Barclay brothers.



A court order made today granted permission to appeal on all grounds and to expedite the hearing.

''We are delighted that the Court of Appeal has granted us leave to appeal this case,'' a spokeswoman for Paddy McKillen said in a statement.

Belfast-born property developer had sued the Barclay Brothers, alleging they had improperly taken control of Coroin, the holding company for Claridges, the Berkeley and the Connaught Hotels in London.

During a lengthy case, lawyers for Mr McKillen had argued that the Barclays' use of the shareholding of Irish financier Derek Quinlan should have triggered a pre-emption agreement, whereby Mr McKillen as an existing shareholder would have been given the option to purchase the Quinlan shareholding first.


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