15/04/2010
Quinn To 'Accept Full-Time Administrator'
There's been a virtual 'U-Turn' by the belagured Quinn Group with news that it is to tell the Dublin High Court that it will no longer object to the permanent appointment of administrators to Quinn Insurance, owned by Sean Quinn (pictured).
According to RTÉ News, the development could come before the courts as early as today, even though a spokesman for the Quinn Group has declined to comment.
If it proves to be true, this would be a significant shift in the position of the Quinn Group.
It is understood the company has now come to the conclusion that Quinn Insurance would have a better chance if it was dealing with a full-time administrator.
The company has been increasingly concerned about the damage it is suffering as a result of the ban on it doing business in Northern Ireland and the rest of the UK.
If the administrators are appointed, it would clear the way for them to sell the insurance company if they see fit.
See: Quinn Group Goes Into Administration
(BmcC)
According to RTÉ News, the development could come before the courts as early as today, even though a spokesman for the Quinn Group has declined to comment.
If it proves to be true, this would be a significant shift in the position of the Quinn Group.
It is understood the company has now come to the conclusion that Quinn Insurance would have a better chance if it was dealing with a full-time administrator.
The company has been increasingly concerned about the damage it is suffering as a result of the ban on it doing business in Northern Ireland and the rest of the UK.
If the administrators are appointed, it would clear the way for them to sell the insurance company if they see fit.
See: Quinn Group Goes Into Administration
(BmcC)
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15 April 2011
Quinn Barred From Own Insurance Firm
A leading Irish entrepreneur is to loose control of the insurance business he personally founded after it ran into financial problems. Sean Quinn and his family will no longer have any role in the management of the Quinn Group following a restructure.
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06 May 2010
Quinn Steps Back As Stormont Steps In
Just hours after news that Sean Quinn is to stand down from the board of the troubled Quinn Group, a Stormont nominee is to step in to co-ordinate the NI Government's response to the situation at Quinn Insurance.
Quinn Steps Back As Stormont Steps In
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01 November 2012
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
Quinns Due Back In Court
Sean Quinn and his son are due back in a Dublin court later as the inquiry continues as to whether or not the former billionaires have complied with court orders. Sean Quinn was once the richest man in Ireland, but declared himself bankrupt last year.
07 April 2010
Quinn Group Staff To Meet
Workers from the Quinn Insurance Group will find out later about plans for the failed company's future. A briefing set for this afternoon comes after a meeting on Tuesday between politicians from both sides of the border, the financial regulator, and the administrator over concerns expressed by workers.
Quinn Group Staff To Meet
Workers from the Quinn Insurance Group will find out later about plans for the failed company's future. A briefing set for this afternoon comes after a meeting on Tuesday between politicians from both sides of the border, the financial regulator, and the administrator over concerns expressed by workers.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
