Administrators and PR firm’s costs approved by High Court

The Irish High Court has granted Quinn Insurance and its administrators permission to hire Macquarie Capital Europe to advise them on a prospective sale, the Irish Examiner reports.

The court also approved the costs to date incurred by joint administrators Michael McAteer and Paul McCann of Grant Thornton, who were appointed by the court last March.

They claimed €565,000 for their work between March 30, 2010, and April 30, 2010, and want to invoice the company monthly up to the end of July for sums not exceeding €1.8m.

They also sought court approval to pay Hume Brophy PR Consultants €50,000 for work carried out between March 30 and April 30 last, plus approval to pay the firm €10,000 per month for work from May to July 2010.

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