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The Commercial Court has handed down a judgment of 121 million euros, requested by the Irish Bank Resolution Corporation, against the man 's wife. Seán Quinn business.
The judgment means that Patricia Quinn, who was declared bankrupt in 2011, will no longer be involved in the actions of her family members, denying responsibility for more than a billion euros in loans made by the former Anglo Irish Bank to Quinn.
The five adult children of the Quinns are pursuing this affair, which is due to be heard in March.
The judgment rendered by the Commercial Court arises from a guarantee and indemnity provided by Ms. Quinn in October 2008, guaranteeing the repayment of a loan of just over $ 100 million. Euros granted to a Cypriot company.
Ms. Quinn or the head of the bankruptcy court did not contest the request for judgment, but Justice Robert Haughton welcomed her earlier this week.
The loan to the Cypriot company was involved in the family case against IBRC and Ms. Quinn's complaint will no longer be processed.
In addition, the court has also ordered that two men suspected leaders and / or leaders of companies based in the United Arab Emirates be sentenced to imprisonment for "serious" outrage "they do not comply with orders to prevent the alleged hijacking of Quinn family business badets.
The judge ordered them to comply in a few days. He also placed orders for the sequestration of property of the UAE companies.
The IBRC has sought these orders in proceedings against various members of the Quinn family and companies alleging a multi-million dollar conspiracy to place the badets of the international family real estate group out of reach of the bank. . This action will be heard after the case of the family.
In an affidavit, the IBRC's special liquidator, Kieran Wallace, said that the two people, Michael Waechter, a Swiss national, and Willem Smit, both of Dutch nationality – both suspected of being based in the UAE – were in defiance of the violation of the Disclosure Orders issued by the High Court. in 2008 and 2012.
He added that the documents and information that should exist and should have been provided were deliberately concealed.
Mr. Wallace stated that the so-called badet dismemberment plan was unprecedented in its complexity and the loss suffered by IBRC.
Judges Waechter and Smit ordered MM's incarceration. Waechter and Smit, but they suspended the orders until December 4 in order to give them extra time.
He has also placed orders for the sequestration of Mecon FZE badets, Yangtze Consulting LZE and Senat Legal Consulting FZ LLC.
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