Thursday February 27, 2020

Gloves come off in Anglo-Quinn battle

Sean Quinn and his family owe Anglo €2.8 billion, but the state owned bank faces a long, hard slog to get back even a fraction of it

2nd July, 2011

Anglo Irish Bank and the family of entrepreneur Sean Quinn are now engaged in what we might call hand-to-hand corporate combat.

Bayonets have been fixed - and the battle is about to get even bloodier.

In this kind of corporate slugfest, every inch of ground is important to either side, and the weapons used will be legal argument, technicalities about the security on loans, and the ability to move at speed through actions and counteractions...

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