Thursday 16 August 2018

Anglo row for Europe

THE European Court of Justice is being asked to rule on a dispute between Anglo Irish Bank and Sean Quinn's family.

The High Court has asked the European court whether Ireland or Cyprus has jurisdiction to rule on a dispute between Anglo Irish Bank and members of Sean Quinn's family.

Anglo has accused the Quinn family members of involvement in a "sinister conspiracy" to put assets in Ukraine, Russia, Sweden, India and Cyprus beyond Anglo's reach.

The Quinns questioned whether an Irish court was the best place to decide matters relating to companies that were registered in other jurisdictions.

Anglo is owed €2.8bn by the Quinns.

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