IBRC deal with the Quinn family would see pragmatism triumph over fairness
Published 16/04/2015 | 02:30
Talks between Sean Quinn's family and the liquidator of IBRC about a legal settlement might have come as a surprise to some people. The high profile and vitriolic battle between both sides since the old Anglo Irish Bank moved on Sean Quinn's business in 2011, would suggest that peace could never break out.
This toxic financial and legal war has been both nasty and for the Quinns at least, personal. Two Quinn family members spent time in prison for contempt of court. Another, Peter Darragh Quinn, failed to show up in court for a contempt hearing, opting to hide north of the border instead.
Actions by some Quinn family members have forced IBRC to spend four years and tens of millions of euro trying to take possession of properties pledged as security by the Quinns on loans that remain unpaid.