Tag Archives | IBRC

Aventas: “These scandalous attacks orchestrated by a small group of criminals and their equally criminal sponsors…”

As the BBC reports, Lagan Cement Group has suffered damage of more than 1m euros (£820,000) in three separate attacks. The attacks followed the announcement that Lagan was buying, subject to approval, Rooftiles in County Fermanagh from the Aventas Group. The arson attacks at Lisburn, County Antrim, Comber, County Down, and Carrigtwohill, County Cork, are more…

Zombie Republic of Ireland (2010-2013)

Tonight, on #promnight, the winding-up has been announced of the Zombie Republic of Ireland, formed in 2010 when the former sovereign state became a ward of the Bundestag’s finance committee. The end-of-life processes of the former Republic were accompanied by rushed late night decision-making and ill-considered legislation. The death notice, issued from ECB President Jean-Claude Trichet, has never been made public. The zombie successor state was artificially kept in an animated state as more…

“The loans were provided as part of the unwinding of an indirect 28 per cent stake in the bank amassed by Mr Quinn…”

Three former executives of Anglo Irish Bank, former chairman Seán FitzPatrick, former finance director Willie McAteer and former managing director of the bank in Ireland Pat Whelan, charged with “giving unlawful financial assistance to buy shares” have been sent forward for trial at the Irish Circuit Criminal Court.  As the Irish Times report notes The charges relate more…

“Sean Quinn didn’t invest in Anglo Irish Bank, he bet on it”

As the cost of the adminstration of Quinn Insurance mounts, and to the sound of u-turns from ill-advised supporters of the bankrupt Sean Quinn, BBC NI business editor, Jim Fitzpatrick, sets out the facts in the case of the former billionaire.  Here are a few key points Sean Quinn didn’t invest in Anglo Irish Bank, more…

Sinn Fein turning on a sixpence over the Quinn family affair?

The good lord knows that Sinn Fein did not invent that old Irish political stock in trade of saying one thing to one set of people and saying quite another to another set… but the party’s split voice on the Quinn family debacle (the Independent has some of the personal detail) is striking… So the more…

Sean Quinn: “We felt it was the right thing to do and we still feel it was the right thing to have done…”

The jailing of his son and nephew was supposed to be “a practical way” of procuring compliance with the court orders to reverse the contempt of court in putting assets beyond the reach of the former Anglo-Irish Bank, now the state-owned Irish Bank Resolution Corporation (IBRC). Instead, the bankrupt Sean “I am not dishonest” Quinn snr has embarked more…

Three former Anglo Irish Bank executives charged with “giving unlawful financial assistance to buy shares” – Updated

With Gardai still seeking Peter Darragh Quinn following the jailing of Sean Quinn jnr after the recent contempt of court ruling, two former Anglo Irish Bank senior executives have appeared in Dublin Criminal Court.  From the Irish Times report The bank’s former finance director Willie McAteer and executive Pat Whelan are the first people to be charged in more…

Sean Quinn son and nephew jailing “a practical way” of procuring compliance

Well, we’ll see.  Having been given three weeks to reverse their contempt of court in putting assets beyond the reach of the former Anglo-Irish Bank, now the state-owned Irish Bank Resolution Corporation (IBRC), the bankrupt Sean “I am not dishonest” Quinn snr, his son Sean, and his nephew Peter Darragh Quinn have failed to convince the court of their more…

Quinn Contempt Case: “The judge will look again on 20 July at their co-operation with the Irish Bank Resolution Corporation”

In Dublin High Court, Ms Justice Elizabeth Dunne has delayed the issue of what penalty to impose on bankrupt Sean “I am not dishonest” Quinn snr, his son Sean, and his nephew Peter Darragh Quinn, to give them the opportunity to reverse their contempt of court in putting assets beyond the reach of the former Anglo-Irish Bank, now more…

Sean Quinn: “I am not dishonest.”

Dublin High Court, however, disagrees, finding the bankrupt Sean Quinn snr, his son Sean Quinn, and his nephew Peter Darragh Quinn in contempt of court for putting assets beyond the reach of the former Anglo-Irish Bank, now the state-owned Irish Bank Resolution Corporation (IBRC).  From the BBC report In her ruling, Judge Elizabeth Dunne described Peter more…

You are not responsible for the crisis (Oh yes you are)

Whoever it was aimed at, Enda Kenny’s performance in Davos doesn’t seem to be going down well back home. The Irish Times reports that he said: “What happened in our country was that people simply went mad borrowing,” Mr Kenny told a meeting at the World Economic Forum meeting in Davos, Switzerland. “The extent of more…

Sean Quinn Declared Bankrupt in Ireland

Having succeeded in having Sean Quinn’s bankruptcy status in the UK annulled, the Irish Bank Resolution Corporation (IBCR), formerly Anglo Irish Bank, today applied to have Mr Quinn declared bankrupt in Dublin High Court.  Mr Quinn did not oppose the application. On Friday evening there was another attack on Mr Quinn’s former business headquarters.  That occurred just more…

Belfast High Court Annuls Sean Quinn Bankruptcy

As the BBC reports, in the latest instalment of the continuing complicated legal battle between Sean Quinn and the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, Belfast High Court has ruled that Mr Quinn is not entitled to declare himself bankrupt in the UK.  He can, however, apply for bankruptcy in Ireland.  From the BBC report At the more…

[Bankrupt] Sean Quinn ordered to repay €417 million

As noted on Monday, the Dublin Commercial Court ruling on on an application by the Irish Bank Resolution Corporation (IBRC) for the repayment of €2billion in loans which had been personally guaranteed by Sean Quinn was due today.  And RTÉ reports the outcome The amount Mr Quinn has been ordered to repay is the largest summary judgment more…