Board index » The IRISH PROPERTY BUBBLE » The Golden Circle » NAMAwatch (Pt. I)

Post new topic Reply to topic  [ 147 posts ]  [Go to page]   Previous  1 ... 11, 12, 13, 14, 15  Next
Author Message
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Sat Aug 11, 2012 9:11 am 
Offline
Property Magnate

Joined: Oct 10, 2010
Posts: 663
Location: the airport
[url]PROPERTY DEVELOPER Paddy McKillen vowed to continue his fight with the billionaire Barclay brothers[/url]
http://www.irishtimes.com/newspaper/fin ... gn=digests

I remember reading the John Grisham books in the 90's and the rich in the states seemed obsessed with avoiding paying money to the government in taxes at all costs. They would happily pay 100k to a tax consultant to avoid paying 100k in tax.

Is this the same here? Are the property developers of Ireland happily trying to avoid paying money back to the banks/nama/the state by giving their money to their solicitor friends instead for pointless court cases? Treasury Holdings seem to be doing the same. They should be concentrating on generating money and value for the tax payer. Cuts costs, don't increase them


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Sat Aug 11, 2012 9:41 am 
Offline
Of Systemic Importance

Joined: Dec 28, 2006
Posts: 5579
http://www.independent.ie/national-news ... 96641.html

Quote:
Mrs McFeely secured a temporary stay on the seizure of the property earlier this year as her son was sitting his Leaving Certificate. However, Eamon (17) claims on his Facebook page that he studied "f**k all".


Quote:
Mr McFeely will claim in his bankruptcy challenge that Theresa McGuinness, the lay litigant who placed him into bankruptcy, did not comply with requirements under the 1988 Bankruptcy Act when she petitioned to have him out of business for up to 12 years.

Ms McGuinness, of Rush, Co Dublin, bought a house from Coalport -- the company that built Priory Hall -- in 2006. She was awarded €100,000 in damages in 2009 after the property was found to have serious structural faults.


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Sun Aug 12, 2012 10:55 am 
Offline
Too Big to Fail
User avatar

Joined: Nov 2, 2008
Posts: 3794
Location: Inside a series of tubes.
dipole wrote:
http://www.independent.ie/national-news/nama-officers-move-in-to-take-possession-of-mcfeelys-home-3196641.html

Quote:
Mrs McFeely secured a temporary stay on the seizure of the property earlier this year as her son was sitting his Leaving Certificate. However, Eamon (17) claims on his Facebook page that he studied "f**k all".


Well he was in Michaels so that's possible.

Joking aside, it's hard not to feel sorry for these deveopers' kids. They're being dragged into the spotlight and it's nothing to do with them.

_________________
I no longer use this account except for posting about Salesporn.net.
salesporn.net: all your hot house on house action


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Sun Aug 12, 2012 10:57 am 
Offline
Too Big to Fail
User avatar

Joined: Nov 2, 2008
Posts: 3794
Location: Inside a series of tubes.
evilal wrote:
dipole wrote:
http://www.independent.ie/national-news/nama-officers-move-in-to-take-possession-of-mcfeelys-home-3196641.html

Quote:
Mrs McFeely secured a temporary stay on the seizure of the property earlier this year as her son was sitting his Leaving Certificate. However, Eamon (17) claims on his Facebook page that he studied "f**k all".


Well he was in Michaels so that's possible.

Joking aside, it's hard not to feel sorry for these deveopers' kids. They're being dragged into the spotlight and it's nothing to do with them.



Actually I take that back. His Facebook image is a picture of his CLK convertible. Twat.

Edit: plus pics of his Fixie bike. Hipster twat.

_________________
I no longer use this account except for posting about Salesporn.net.
salesporn.net: all your hot house on house action


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Tue Sep 11, 2012 5:50 pm 
Offline
Too Big to Fail

Joined: Aug 8, 2008
Posts: 3635
Location: Cathair na dTreabh
London court finds that McKillen pay all costs of the court case against Barclays/Nama. Estimated to be £20m :!:


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Tue Sep 11, 2012 6:17 pm 
Offline
Property Magnate

Joined: Apr 8, 2008
Posts: 747
evilal wrote:
Edit: plus pics of his Fixie bike. Hipster twat.


Hey, Al, don't be down on the fixies. I'm riding one for 10 years, long before the current Hoxtonisation of the bicycle.


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Tue Sep 11, 2012 6:18 pm 
Offline
Nationalised

Joined: Sep 29, 2010
Posts: 8784
Location: London, innit
temene wrote:
London court finds that McKillen pay all costs of the court case against Barclays/Nama. Estimated to be £20m :!:

Now we'll see the real extent of the Barclays' "friendship" with Quinlan, will they continue to keep him in the lifestyle to which he has become accustomed ...


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Tue Sep 11, 2012 9:27 pm 
Offline
Too Big to Fail
User avatar

Joined: Nov 2, 2008
Posts: 3794
Location: Inside a series of tubes.
Three Quarks wrote:
evilal wrote:
Edit: plus pics of his Fixie bike. Hipster twat.


Hey, Al, don't be down on the fixies. I'm riding one for 10 years, long before the current Hoxtonisation of the bicycle.


You were a hipster before it was cool :-)

_________________
I no longer use this account except for posting about Salesporn.net.
salesporn.net: all your hot house on house action


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Wed Jul 03, 2013 12:08 pm 
Offline
Nationalised

Joined: Sep 29, 2010
Posts: 8784
Location: London, innit
http://www.irishtimes.com/business/sect ... -1.1451353
McKillen loses London appeal over control of hotels


Top
 Profile  
 
 Post subject: Re: Developer McKillen takes first legal challenge against N
PostPosted: Sat Mar 29, 2014 2:59 pm 
Offline
Of Systemic Importance

Joined: Jun 9, 2008
Posts: 7098
Quote:
McKillen faces €5.5m bill for Quinlan's legal costs

SHANE HICKEY LONDON – PUBLISHED 29 MARCH 2014 02:30 AM

Developer Paddy McKillen must pay almost €5.5m to financier Derek Quinlan for legal costs over his marathon failed court action 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.

The ongoing battle for the control of Coroin, which runs Claridges, the Connaught and the Berkeley, 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 had sued David and Frederick Barclay, the owners of the Telegraph media group, over their attempts to take over Coroin.

The total costs for the Quinlan side amounted to £4,175,084 (€5,051,776) while an additional £332,472 has to be paid in interest accrued. The final total amounts to £4,507,556 (€5,446,728).

The final costs certificate details that £1,519,000 has already been paid, while the rest must be paid within 14 days.

It had been estimated that the total bill for the failed legal action would amount to €26m for Mr McKillen.


http://www.independent.ie/business/iris ... 36697.html

_________________
“Don't ask the barber if you need a haircut—and don’t ask an academic if what he does is relevant.” Nassim Nicholas Taleb


Top
 Profile  
 



Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 147 posts ]  [Go to page]   Previous  1 ... 11, 12, 13, 14, 15  Next

    Board index » The IRISH PROPERTY BUBBLE » The Golden Circle » NAMAwatch (Pt. I)

Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com