Bank to dispute Quinn’s application in Northern Ireland
Anglo Irish Bank is set to challenge Sean Quinn’s bankruptcy, according to reports.
The BBC said Dublin’s Commercial Court has been told that the now nationalised bank is to apply to annul Quinn’s insolvency proceedings in Northern Ireland.
The bank will claim that the Northern Ireland courts do not have jurisdiction over the former owner of Quinn Insurance.
Quinn declared himself bankrupt in the High Court in Belfast on Friday. Anglo claims he owes them more than £2bn.
He said he brought the application for bankruptcy in Northern Ireland because he was born, reared and worked all his life in County Fermanagh.
By declaring himself bankrupt north of the border it means he only has to wait a year before going back into business - rather than 12 years in the Republic - where much of his business is based.
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