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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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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.
02 November 2012
Sean Quinn Jailed For 9 Weeks
Sean Quinn has been sentenced to nine weeks in jail for contempt of court. The sentencing sees the culmination of a high-profile legal battle between the Quinns and bailed-out bank Anglo Irish over claims of asset-stripping by the former billionaire. Sentencing at Dublin High Court is expected to occur at 13:00.
Sean Quinn Jailed For 9 Weeks
Sean Quinn has been sentenced to nine weeks in jail for contempt of court. The sentencing sees the culmination of a high-profile legal battle between the Quinns and bailed-out bank Anglo Irish over claims of asset-stripping by the former billionaire. Sentencing at Dublin High Court is expected to occur at 13:00.
02 August 2012
Peter Darragh Quinn 'Will Stay In NI' To Avoid Jail
Peter Darragh Quinn's father has said his son will not return to the Irish Republic, where a warrant is out for his arrest, because he has no chance of getting "fair play or justice".
Peter Darragh Quinn 'Will Stay In NI' To Avoid Jail
Peter Darragh Quinn's father has said his son will not return to the Irish Republic, where a warrant is out for his arrest, because he has no chance of getting "fair play or justice".
09 November 2012
Arson Attack On Quinn Windfarm
An arson attack has been carried out at Quinn Group premises in Derrylin, County Fermanagh. The incident occurred yesterday evening between 18:00 and 19:00 when an electrical substation at a windfarm was set on fire. No-one was injured but the substation is thought to have been severely damaged.
Arson Attack On Quinn Windfarm
An arson attack has been carried out at Quinn Group premises in Derrylin, County Fermanagh. The incident occurred yesterday evening between 18:00 and 19:00 when an electrical substation at a windfarm was set on fire. No-one was injured but the substation is thought to have been severely damaged.
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.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
