Belfast Telegraph

Thursday 26 November 2015

Judge blocks McKillen allegations

By Shane Hickey

Published 24/04/2012

Attempts by Belfast-born developer Paddy McKillen to add more allegations against the Barclay brothers' camp in a court case surrounding the ownership of three landmark hotels have failed.

The High Court in London refused applications by the developer to add more claims to his case against Frederick and David Barclay and their associates.

The court heard extensive legal arguments on the 14th day of the case where Mr McKillen is suing the brothers, who own the Telegraph group of newspaper titles, over their attempts to take over Coroin, which runs Claridges, the Connaught and the Berkeley.

He owns 36% of the £1bn (€1.2bn) company - the Barclays have 64%. Counsel for Mr McKillen argued for additional allegations to be added to their claims against the Barclay camp.

One of claims surrounded the transfer of a group of shares from the Manchester-based Greene family to the Barclays, which he says obstructed the refinancing of the company.

Mr McKillen also argued that Richard Faber, a Barclay-appointed former board member of Coroin, had acted in breach of his duties by engaging in discussions with Nama over debt.

However, Judge David Richards refused both attempted amendments.

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