Saturday, November 26, 2011

Bankruptcy of Ireland's former richest man challenged

The Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, launched a formal application on Thursday to overturn the bankruptcy declaration made by Ireland's former richest man, Sean Quinn.

IBRC wants to claw back as much money as it can from Quinn and is arguing that the insolvency proceedings should be annulled as the centre of Quinn's main interest was not in Northern Ireland.

Read the rest of the article at Reuters

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