By Namawinelake
Yesterday a judge in Belfast’s High Court handed down two judgments in the latest installment of what is becoming the Quinn Family Saga, being played out on both sides of the Border, with ongoing concurrent actions in both Belfast and Dublin. The first of the latest Belfast judgment concerns itself with what IBRC – formerly Anglo – says was an attempt to put assets, which were properly to be used to offset Sean Quinn’s massive debts to the bank, beyond the reach of the bank. At the heart of it is a shopping centre in Kiev,Ukraine which IBRC is after to offset against Sean Quinn’s outstanding loans. The shopping centre in Ukraine owes USD 45m to a Quinn company in Ireland, a company which is now controlled by IBRC after the appointment of receivers last year
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