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23/02/2012
Quinn Family Win Preliminary Ruling Against IBRC
The High Court in Dublin has ruled that the family of Fermanagh-born businessman Sean Quinn can continue with their legal battle.
Mr Quinn’s wife and five children are challenging the demands made by the Irish Bank Resolution Corporation (IBRC) to repay loans totalling €2.3 billion.
The basis of the family’s case is that they allege Anglo Irish Bank lent them more than £2bn for the illegal purpose of increasing its own share price.
The court ruled that Patricia Quinn and the couple's five children were entitled to make arguments that the IBRC breached market abuse regulations and company legislation in its loans to the family, in their action against the bank.
The Background
Businessman Sean Quinn was declared bankrupt in the High Court back in January.
Mr Quinn had his bankruptcy status in Northern Ireland annulled days before this ruling and accepted the decision which was brought by the IBRC over debts of approximately €2bn.
The former billionaire is no longer bankrupt in the UK.
Mr Quinn's business empire collapsed over the past two years after bank shares he purchased became worthless.
(LB)
Mr Quinn’s wife and five children are challenging the demands made by the Irish Bank Resolution Corporation (IBRC) to repay loans totalling €2.3 billion.
The basis of the family’s case is that they allege Anglo Irish Bank lent them more than £2bn for the illegal purpose of increasing its own share price.
The court ruled that Patricia Quinn and the couple's five children were entitled to make arguments that the IBRC breached market abuse regulations and company legislation in its loans to the family, in their action against the bank.
The Background
Businessman Sean Quinn was declared bankrupt in the High Court back in January.
Mr Quinn had his bankruptcy status in Northern Ireland annulled days before this ruling and accepted the decision which was brought by the IBRC over debts of approximately €2bn.
The former billionaire is no longer bankrupt in the UK.
Mr Quinn's business empire collapsed over the past two years after bank shares he purchased became worthless.
(LB)
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24 November 2011
Quinn Ordered To Repay €417M
Troubled businessman Seán Quinn must repay €417m to the Irish Bank Resolution Corporation (IBRC), following an order by the Commercial Court on Wednesday.
Quinn Ordered To Repay €417M
Troubled businessman Seán Quinn must repay €417m to the Irish Bank Resolution Corporation (IBRC), following an order by the Commercial Court on Wednesday.
01 November 2012
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
15 April 2011
Quinn Barred From Own Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
Quinn Barred From Own Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
05 November 2012
Protesters Support Jailed Sean Quinn
A protest blockade in support of Sean Quinn is taking place in Derrylin in County Fermanagh. Campaigners have demanded the jailed billionaire be released. Tractors are thought to be blocking a road, while it has also been reported a lorry is parked across the entrance to the Quinn Glass factory.
Protesters Support Jailed Sean Quinn
A protest blockade in support of Sean Quinn is taking place in Derrylin in County Fermanagh. Campaigners have demanded the jailed billionaire be released. Tractors are thought to be blocking a road, while it has also been reported a lorry is parked across the entrance to the Quinn Glass factory.
30 July 2012
Cavan Crowd Turns Out In Support Of Quinns
Bankrupt businessman Sean Quinn has addressed a supportive crowd in County Cavan, the BBC has reported. Hundreds of supporters attended the rally in Ballyconnell last night and speakers included well-known GAA personalities including Michey Harte and Joe Kernan.
Cavan Crowd Turns Out In Support Of Quinns
Bankrupt businessman Sean Quinn has addressed a supportive crowd in County Cavan, the BBC has reported. Hundreds of supporters attended the rally in Ballyconnell last night and speakers included well-known GAA personalities including Michey Harte and Joe Kernan.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
