Irish Bank Resolution Corporation

Sean Quinn’s wife ordered to repay €3million loan

Pete Baker on December 16, 2011, 2:15 pm

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In the latest instalment of the continuing complicated legal battle between Sean Quinn and the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, Sean Quinn’s wife has been ordered to repay an over €3million loan which she had personally guaranteed. Patricia Quinn’s lawyers had argued that she had been ‘unduly influenced’ by her husband into signing the loan agreement. Mrs Quinn said it was her habit to sign documents put in front of her by her husband or his colleagues in the …

IBRC: “Today’s Commercial Court judgment gives clear, unambiguous recognition to the legal obligations of Mr Quinn…”

Pete Baker on November 28, 2011, 9:12 pm

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Following last week’s order to repay loans of almost €417 million that Sean Quinn had personally guaranteed, today the Dublin Commercial Court added additional loans worth over €1.6 billion to the bill. The ruling was made at the Commerical Court in Dublin. The total involves 1.52bn euros, $589m and 13 billion Japanese yen. Mr Quinn did not attend the proceedings. The official receiver in charge of Mr Quinn’s bankruptcy in Northern Ireland indicated he would be making no application to challenge the order. …

Sean Quinn’s statement of affairs to NI Court ‘appeared to be unsatisfactory’

Pete Baker on November 21, 2011, 7:31 pm

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That’s according to reported comments by lawyers for the Official Receiver in Northern Ireland who, following Sean Quinn’s application for UK bankruptcy, is currently in control of Quinn’s worldwide assets. The comments were made during a Dublin Commercial Court hearing 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. From the RTÉ report The Irish Bank Resolution Corporation told the Commercial Court the action for judgment should go …