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Tuesday 20 March 2018

Four witnesses expected to travel from Ukraine to give evidence in case

Alan Erwin

AT least four witnesses are expected to travel from the Ukraine to Northern Ireland as part of a legal battle over bankrupt tycoon Sean Quinn's international property empire, it emerged yesterday.

The High Court in Belfast also heard that video-link facilities at hotels in the Ukrainian capital, Kiev, were being explored as another potential method of ensuring evidence was available at hearings due to take place next month.

The former Anglo Irish Bank is locked in a fight for control of eastern European property linked to Mr Quinn in an ongoing attempt to recoup more than £2bn.

Ahead of the case, contempt of court proceedings have been initiated against two Ukrainian legal representatives of the British Virgin Islands-registered Lyndhurst Development Trading for allegedly flouting a ban on enforcing any loan agreements.

Lyndhurst was prohibited from dealing with debts surrounding a shopping centre in Kiev through an emergency injunction granted in Belfast in the early hours of December 23.

But it is alleged that later the same day the order was ignored by at least one representative of the company.

Irish Independent

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