Developer Paddy McKillen to pay £7.5m legal fees over Coroin hotel row with billionaire Barclay brothers
Northern Ireland developer Paddy McKillen's final bill for legal costs, after a marathon court battle against the billionaire Barclay brothers, is more than £7.5m.
The two sides had been in dispute over the ownership of three high-profile London hotels.
Legal representatives from both sides yesterday told a High Court taxing master during a brief hearing that they had agreed the figure following negotiations.
The continuing battle for the control of Coroin, which runs Claridges, the Connaught and the Berkeley hotels, resulted in a lengthy battle in the High Court in London, which Mr McKillen eventually lost.
Judge David Richards ruled in August 2012 against Mr McKillen, after he sued David and Frederick Barclay, the owners of the Telegraph Media Group, over their attempts to take over Coroin.
The total costs for the Barclay side amounts to £7,081,276.19, while an additional £516,026.92 has to be paid in interest accrued.
The final total amounts to £7,597,303.11.
The final costs certificate shows £2,585,000 has already been paid, while the rest must be paid within 14 days.