Quinns seek lifting of court orders - The Irish Times - Mon, Feb 25, 2013
The family of bankrupt businessman Sean Quinn has claimed the insolvency of Irish Bank Resolution Corporation means the courts must urgently lift orders freezing their accounts below €50 million each and preventing them transferring assets in their international property group. The bank's undertaking for damges on foot of which it got those orders is now "valueless", the family claim.
Alternatively, the family say the special liquidators of IBRC must lodge up to US$500 million dollars in court to meet any claim for damages should they win the case.
Mr Justice Peter Kelly said the matter was urgent and he would hear it next Monday. The price of an injunction is an undertaking for damages from the party seeking that injunction and it would be wrong to permit a "worthless" or "hollow" undertaking" from an insolvent entity, he said.
Looks like quinn is getting places
he may be the big winner yet
if he is proven correct
there will be a lot of questions to answer
Decision made today 15/03/13
The decision means the action by Patricia Quinn and her children can proceed once the criminal proceedings against former Anglo Irish Bank chairman Seán FitzPatrick and two senior Anglo executives are concluded.
The Quinns allege they have no liability for some €2.34bn loans advanced by Anglo to Quinn companies on grounds those loans were unlawfully made to prop up the bank's share price
And what about all the other rats at the top of Irish society who are still free
Sean Quinn cost the taxpayer 3 billion
aib cost the taxpayer 13 billion
anglo cost the taxpayer 30 billion
boi cost the taxpayer 3 billion
so wake up clowns, Sean Quinn deserves all he gets
but what has happened to the other rats