Blog Archives

Public not liable for massive debt


A letter to the Independent that is worth reprinting- short, concise and to the point

Between them Sean Dunne, Sean Quinn and Bernard McNamara have managed to run up debts of over €3bn. By some crazy notion we, the public, are being told we are to pay these debts back to the people that the above people got the money from.

The logic to this is way beyond my comprehension. How we even manage to discuss such a ridiculous scenario is way beyond me.

We, the public, have absolutely nothing to do with these debts – and the sooner we tell the people who loaned this money to the likes of the Seans and Bernards, the quicker we can get our lives back to where we can look forward and not be stuck in this cloud of negativity and depression.

David Hennessy,

Broomhall Business Park,

Rathnew, Co Wicklow

via Public not liable for massive debt – Independent.ie.

via Public not liable for massive debt – Independent.ie.

U-turn as Sean Quinn Snr says he will now help Anglo over €500m property portfolio – Irish, Business – Independent.ie


Sean Quinn pictured arriving at the High Courts today. Photo: Colin O'Riordan

BANKRUPT businessman Sean Quinn wants to purge his contempt and is willing to co-operate with the former Anglo Irish Bank, the High Court was told.

This morning the former billionaire was due to be sentenced at the High Court for breaking court orders not to interfere with up to €500m worth of properties in the family’s international property group (IPG).

But the hearing was adjourned for two weeks after the IBRC (the former Anglo Irish Bank), said “significant new material” had emerged which required consideration by the courts.

New lawyers for Ireland’s former richest man said that the 66-year-old, who has had two major heart operations, wants to purge his contempt and co-operate with the IBRC.

Mr Quinn, who recently parted with his Dublin legal team, was represented in court today by Belfast human rights law firm, Kevin R Winters, led by Eugene Grant QC.

Mr Grant told the High Court that the new legal team had only been instructed this week and requested time to consider the history of the case and the new evidence submitted by the IBRC.

“My instructions since Tuesday and Wednesday are that since the adjournment of the punitive element there has been co-operation [by Mr Quinn Snr],” said Mr Grant.

Mr Grant said that Sean Quinn Snr, Sean Quinn Jnr and Peter Darragh Quinn had written to the IBRC to explore the potential for mediation with the IBRC.

Mr Grant said that Mr Quinn is now 66 and has had two serious heart operation

He wants to co-operate and purge his contempt,” said Mr Grant who is now also representing Sean Quinn Jnr who has just completed a three-month sentence for contempt of court.

Mr Quinn Jnr, dressed in jeans and a jumper, apologised for his clothing in court – he had just been brought from Mountjoy Prison this morning and had expected to be released last night.

The IBRC consented to a brief adjournment – it wants to consider reasons due to be given by the Supreme Court in Sean Quinn Jnr’s appeal – but the bank said that court orders were not a matter for mediation.

The written judgment is due to be released on Wednesday.

Senior Counsel Paul Gallagher, for the IBRC, said that the new material has unmasked “a very, very disturbing situation” which included:

– The deliberate and “cynical” backdating of employment contracts which contained termination payments of over €30m for members of the Quinn family;

– Continuing breach of court orders and the continuing extraction of monies from the IPG

Mr Gallagher said that Sean Quinn Snr had done “nothing” to reinstate overseas properties to the former Anglo Irish Bank.

Mr Quinn was accompanied in court by his daughter Aoife Quinn and sat beside his son Sean Quinn Jnr.

Other family members who attended the hearing included sons in law Niall McPartland andStephen Kelly as well as Karen Woods, Sean Quinn Jnr’s wife.

High Court Judge Ms Justice Elizabeth Dunne said it was “prudent” to afford time to the Quinns to deal with and contest the new evidence, including new information that a court order freezing a $500,000 payment to a businesswoman in the Ukraine.

The court heard that “significant new evidence” had been obtained as a result of a new bankruptcy receiver being appointed to Finnanstroy – the Russian company that owns the Quinn family’s $180m Kutuzoff Tower in Moscow – the jewel in the crown of the IPG.

The IBRC said that the documents “demonstrated the continuing control” by the Quinn family, of various companies in their IPG.

via U-turn as Sean Quinn Snr says he will now help Anglo over €500m property portfolio – Irish, Business – Independent.ie.

via U-turn as Sean Quinn Snr says he will now help Anglo over €500m property portfolio – Irish, Business – Independent.ie.

90 +Wines in dublin

With a critical score of 90 points+

MovieBabble

The Casual Way to Discuss Movies

OLD HOLLYWOOD IN COLOR

...because it was never black & white

LEANNE COLE

Trying to live a creative life

CURNBLOG

Movies, thoughts, thoughts about movies.

FilmBunker

Saving you from one cinematic disaster at a time.

From 1 Blogger 2 Another

Sharing Great Blog Posts

Wonders in the Dark

Cinema, music, opera, books, television, theater

Just Reviews

Just another WordPress.com site

Mark David Welsh

Feeding Soda Pop to the Thirsty Pigs since 2013

conradbrunstrom

Things I never thunk before.

News from the San Diego Becks

The life and times of Erik, Veronica and Thomas

The Silent Film Quarterly

The Only Magazine Dedicated To Silent Cinema

Leaden Circles

First a warning, musical; then the hour, irrevocable. The leaden circles dissolved in the air.

My Archives

because the internet is not forever

CineSocialUK

Up to the minute, fair, balanced, informed film reviews.

PUZZLED PAGAN PRESENTS

A Shrine to Pop Culture Obsessiveness. With Lots of Spoilers

Thrilling Days of Yesteryear

“Nostalgia isn’t what it used to be” – Peter DeVries

thedullwoodexperiment

Viewing movies in a different light

Twenty Four Frames

Notes on Film by John Greco

Suzanne's Mom's Blog

Arts, Nature, Good Works, Luna & Stella Lockets & Birthstones

It Doesn't Have To Be Right...

... it just has to sound plausible

Rich Green Photography

The life of a photographer who likes to shoot just about anything.

arwenaragornstar

A French girl's musings...

Jordan and Eddie (The Movie Guys)

Australian movie blog - like Margaret and David, just a little younger

Octopus Films

A place for new perspectives on films, TV, media and entertainment.

scifist 2.0

A sci-fi movie history in reviews

The Reviewer's Corner

The Sometimes Serious Corner of the Internet for Anime, Manga, and Comic related things

First Impressions

Notes on Films and Culture

1,001 Movies Reviewed Before You Die

Where I Review One of the 1,001 Movies You Should Watch Before you Die Every Day

Movies Galore of Milwaukee

Movie Galore takes a look at Silent films on up to current in development projects and gives their own opinion on what really does happen in film!

The Catwing Has Landed

A Writer's Blog About Life and Random Things

Gabriel Diego Valdez

Movies and how they change you.

The Horror Incorporated Project

Lurking among the corpses are the body snatchers....plotting their next venture into the graveyard....the blood in your veins will run cold, your spine tingle, as you look into the terror of death in tonight's feature....come along with me into the chamber of horrors, for an excursion through.... Horror Incorporated!

Relatos desde mi ventana

Sentimientos, emociones y reflexiones

Teri again

Finding Me; A site about my life before and after a divorce

unveiled rhythms

Life In Verses

Gareth Roberts

Unorthodox Marketing & Strategy

leeg schrift

Taalarmen

100 Films in a Year

12 months. 100 films. Hopefully.

%d bloggers like this: