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Retired Supreme Court Judge to act as mediator in Quinn/IBRC dispute

Summary

In a long‑running dispute over €2.34 billion of loans made by Anglo Irish Bank to Sean Quinn's companies, the parties have agreed to mediation. Retired Supreme Court judge and former President of the High Court, Mr Justice Joseph Finnegan, has been appointed as mediator. The Commercial Court adjourned the matter for mention to early October, with mediation expected to begin later that month. The action, launched in May 2011 and originally set for June 2011, has been repeatedly deferred, most recently to January 2016, due to related criminal proceedings against former Anglo executives. The Quinns allege the loans were used to prop up the bank's share price, while the bank and its liquidator, Kieran Wallace, deny that the Quinns acted as agents in disputed share pledges and guarantees. Legal costs for the Quinns' action are estimated at several million euros.

Who, what, where, when and why

What: Report matter: Retired Supreme Court Judge to act as mediator in Quinn/IBRC dispute. Procedural stage: hearing_or_decision

When:

• May 2011 Hearing Or Sentence
• June 3rd Hearing Or Sentence
• January 2016 Hearing Or Sentence
• 2015-07-01 Publication

Places mentioned

Topics

Stage Hearing Or Decision

Read the original CNI report