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 Post subject: Re: The Quinn Collapse
PostPosted: Sun Aug 24, 2014 7:00 am 
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Quinn firm seeks health policies move - -> http://www.irishexaminer.com/business/q ... 83267.html

Quote:
As part of the proposal ‘iptiQ’ will accept all liabilities arising under the polices for a cash consideration from QIL which reflects the value of those liabilities. It is also proposed that iptiQ will also become the controller of the policyholder’s data.

In response to questions from the judge, barrister James Doherty for the joint administrators, said that it is hoped the proposed transfer “will be as smooth a transition as possible,” and that the proposed transfer will not effect the policies.

Mr Justice Kearns made a number of preliminary directions including one allowing the joint administrators to advertise the proposed scheme of transfer. The full hearing of the joint administrator’s application will come before the High Court in early October.

In 2007, QIL acquired part of the Irish health insurance business operated by BUPA. Quinn Insurance was placed in administration in March 2010, and Mr McAteer and Mr McCann were appointed as joint administrators.

there is more


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 Post subject: Re: The Quinn Collapse
PostPosted: Sun Sep 21, 2014 6:40 am 
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Anglo tape trawl would take 5 years, say lawyers - Ronald Quinlan -> http://www.independent.ie/irish-news/ne ... 02894.html

Quote:
A request from bankrupt tycoon Sean Quinn to have two years of phone call recordings examined in preparation for his family's case against the IBRC would take five years to process, lawyers for the bank have claimed.

Responding to an application from the Quinn family to extend the review of the so-called 'Anglo tapes' to capture calls made within the bank as far back as January 2007, McCann Fitzgerald partner Karyn Harty said that a 10-strong team would need to work 10 hours a day to get through the 2.19 million calls she estimated would need to be reviewed.

Ms Harty - who is acknowledged as the country's foremost authority on legal discovery - made the assertion in an affidavit filed two weeks ago on behalf of the Irish Bank Resolution Corporation (IBRC).

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 Post subject: Re: The Quinn Collapse
PostPosted: Wed Nov 05, 2014 2:46 pm 
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Sean Quinn Jnr claiming unfair dismissal in the Employment Appeals Tribunal.

I am much too weary to post a link......... XX

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 Post subject: Re: The Quinn Collapse
PostPosted: Wed Nov 05, 2014 5:05 pm 
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BoyRacer wrote:
Anglo tape trawl would take 5 years, say lawyers - Ronald Quinlan -> http://www.independent.ie/irish-news/ne ... 02894.html

Quote:
McCann Fitzgerald partner Karyn Harty said that a 10-strong team would need to work 10 hours a day to get through the 2.19 million calls she estimated would need to be reviewed.


Just seeing this now.
5000 people attended a rally in Cavan in support of Sean Quinn.
Working 10 hours a day these folks could get through the tapes in 4 days.


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 Post subject: Re: The Quinn Collapse
PostPosted: Wed Nov 05, 2014 5:09 pm 
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Quote:
Ms Harty - who is acknowledged as the country's foremost authority on legal discovery - made the assertion in an affidavit filed two weeks ago on behalf of the Irish Bank Resolution Corporation (IBRC).


Ms. Harty must be delighted with this. I wonder who gave the reporter that little gem :D


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 Post subject: Re: The Quinn Collapse
PostPosted: Sun Nov 23, 2014 9:47 am 
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http://www.businesspost.ie/#!story/Home ... 167fb583c2

Quote:
A trio of businessmen linked to Sean Quinn have embarked on a motor insurance venture that has resonances with how the embattled former tycoon first cut his teeth in that business.
Gerry Reilly, Brendan Cosgrove and John Maguire have started Quick-Sure, a car insurer that targets mainly young male provisional license drivers, one of the highest-risk categories in the market.

...

Solvency requirements in Gibraltar are lighter than in Ireland and Britain.


what could go wrong?


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 Post subject: Re: The Quinn Collapse
PostPosted: Sat Jan 10, 2015 6:37 am 
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Start of the Quinn resurrection?

IT wrote:
Seán Quinn gets hero’s welcome as locals begin rebuilding empire -- The entrepreneur is back in business and has even got himself a job in his old group.

This was all made possible after a local consortium involving, among others three of his former senior managers and local businessman John McCartin, paid €100 million to the Aventas Group for a substantial portion of Quinn’s old empire. This was done with the support of the US bond holders who effectively own Quinn’s former manufacturing operations through Aventas, which took over when Quinn went bust. Down with the Aventas sign, back up with the old “Q” symbol.

It doesn’t mean Quinn is back in the boardroom but he is back in a position of influence. It’s like old times. Who knows what will happen next?

Quinn (67) has a “consultancy” role now but McCartin doesn’t dismiss the possibility that he could yet be sitting at the boardroom table – or even in his old chairman’s seat.

More...

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 Post subject: Re: The Quinn Collapse
PostPosted: Sat Jan 10, 2015 8:59 am 
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So a trio of business men with links to Quinn are getting into car insurance and another consortium with links to Quinn - who have taken Quinn on as a consultant - are taking on his old cement business.
Quote:
McCartin realises that many people may think the €100 million was quietly funded by Quinn. “Yeah, there are people who are saying, ‘Sure you are only an oul’ puppet’.


Yes, people probably are saying that. They are probably adding that if this money were to be from the Quinn family then it must be money that he sheltered from IBRC's attempt to get some money back for the state.

No doubt people were very glad when the Quinn Group brought jobs to former employment black spots but they would forgive him anything. It's like a cult.

Quote:
Local people acknowledge Quinn made the most disastrous of gambles when he wagered €2.8 billion on Anglo Irish Bank but, as McCartin also says, they feel he was “hoodwinked” by some of the bankers and speculators he fell in with in Dublin.


Sean good, 'Dublin' bad. People in that part of the country reckon everything that went right for Quinn was entirely of his making and everything that went wrong was the fault of someone else.

They are like a sinfully proud mother blinded by the sun shining from the underside of their can-do-no-wrong golden boy. "He just fell in with the wrong crowd." He was the freaking kingpin, Mr Q.


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 Post subject: Re: The Quinn Collapse
PostPosted: Mon Jan 12, 2015 4:11 pm 
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Former billionaire Sean Quinn must pay €10,000 a year from any earnings over the next two years to the court official who has been overseeing his bankruptcy.

Mr Quinn will be discharged from bankruptcy on Friday.

He was declared bankrupt at the High Court three years ago.

I wonder will they accept payment in roubles?


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 Post subject: Re: The Quinn Collapse
PostPosted: Mon Jan 12, 2015 4:26 pm 
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Barney Gumble wrote:
Quote:
Former billionaire Sean Quinn must pay €10,000 a year from any earnings over the next two years to the court official who has been overseeing his bankruptcy.

Mr Quinn will be discharged from bankruptcy on Friday.

He was declared bankrupt at the High Court three years ago.

I wonder will they accept payment in roubles?


Drumm and Dunne must feel like right eejits trying to declare bust in the US when it turns out to be light enough over here


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 Post subject: Re: The Quinn Collapse
PostPosted: Mon Jan 12, 2015 5:19 pm 
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Barney Gumble wrote:
Quote:
Former billionaire Sean Quinn must pay €10,000 a year from any earnings over the next two years to the court official who has been overseeing his bankruptcy.

Mr Quinn will be discharged from bankruptcy on Friday.

He was declared bankrupt at the High Court three years ago.

I wonder will they accept payment in roubles?


Roubles. The Quinn investment genius strikes again.


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 Post subject: Re: The Quinn Collapse
PostPosted: Tue Jan 13, 2015 6:42 am 
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FreeFallin wrote:
Barney Gumble wrote:
Quote:
Former billionaire Sean Quinn must pay €10,000 a year from any earnings over the next two years to the court official who has been overseeing his bankruptcy.

Mr Quinn will be discharged from bankruptcy on Friday.

He was declared bankrupt at the High Court three years ago.

I wonder will they accept payment in roubles?


Drumm and Dunne must feel like right eejits trying to declare bust in the US when it turns out to be light enough over here


Light enough??? Sure haven't they taken every penny he ever had? And he has to hand over ten grand a year for the next two years, and him barely survivin' on the State pension, and reduced to providin' free consultancy for his old company.

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 Post subject: Re: The Quinn Collapse
PostPosted: Tue Jan 13, 2015 8:13 am 
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Barney Gumble wrote:
Quote:
Former billionaire Sean Quinn must pay €10,000 a year from any earnings over the next two years to the court official who has been overseeing his bankruptcy.

Mr Quinn will be discharged from bankruptcy on Friday.

He was declared bankrupt at the High Court three years ago.

I wonder will they accept payment in roubles?

There's a bit of Putin about him, to be sure (all these guys taking over his old companies, but with him in the background... they might even "invite" him back to take the top jobs again in a couple of years)


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 Post subject: Re: The Quinn Collapse
PostPosted: Tue Jan 13, 2015 9:05 am 
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Fears about future of Quinn Glass at meeting of 1,000 people
Cavan meeting organised by Concerned Irish Citizens wants local group to take on company
http://www.irishtimes.com/business/manu ... -1.2063602
Quote:
Local parish priest Fr Gerry Comiskey said Aventas were a “busted flush in the area” and locals were weeping over the company that the Quinn Group had become in their hands. He contrasted the management of QBRC with that Vidrala.
“The members of QBRC are from this area, they live and work among us, they know what it was like in this area before Quinn started to turn soil into the brass in our pockets”.


On the clip played on radio 1 earlier from the meeting, the Priest said that in years to come when history was written, the real story of what happened during the crash to Sean Snr and Sean Jnr would come out and people would see what was done to them!


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 Post subject: Re: The Quinn Collapse
PostPosted: Tue Jan 13, 2015 1:31 pm 
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FreeFallin wrote:
Fears about future of Quinn Glass at meeting of 1,000 people
Cavan meeting organised by Concerned Irish Citizens wants local group to take on company
http://www.irishtimes.com/business/manu ... -1.2063602
Quote:
Local parish priest Fr Gerry Comiskey said Aventas were a “busted flush in the area” and locals were weeping over the company that the Quinn Group had become in their hands. He contrasted the management of QBRC with that Vidrala.
“The members of QBRC are from this area, they live and work among us, they know what it was like in this area before Quinn started to turn soil into the brass in our pockets”.


On the clip played on radio 1 earlier from the meeting, the Priest said that in years to come when history was written, the real story of what happened during the crash to Sean Snr and Sean Jnr would come out and people would see what was done to them!

I heard that. He talked a good talk, quite oratorical. I was wondering wtf business have the clergy getting involved in this? But then I find the whole locality and its people downright scary, from the attacks on former Quinn businesses to the local heavies escorting reporters from football matches attended by Peter Darragh Quinn. These people don't seem to see themselves as having any connection with "the Dublin government" which is why they seem to view the disappearance of hundreds of millions of Quinn assets with equanimity, if not outright glee. They seem like an alien species as far as I'm concerned -- how come they don't see we've all been screwed on the double: by Anglo and Quinn.

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