Quinns 'forced' to dispense with solicitors in two legal actions31/08/2012 - 15:27:13
Solicitors for Sean Quinn and his family have informed the High Court that they will no longer be representing them in two legal actions involving the former Anglo Irish Bank.
In a statement, the Quinns say they are annoyed and frustrated to confirm that due to their financial position, they have been forced to let go of their legal team, Eversheds.
Barrister Brian O'Moore informed the court that Eversheds solicitors will apply to officially come off record for the Quinns on Monday.
He said the Quinn family accepts for a variety of reasons that Eversheds cannot continue to act in either of the two sets of proceedings involving IBRC, formerly Anglo Irish Bank.
The court heard that Eversheds are prepared to act on one matter - Sean Quinn junior's upcoming Supreme Court appeal over the contempt of court finding that resulted in a three-month jail term.
In a statement today, the Quinn family thanked Eversheds for past service and claimed their current "disastrous scenario" is one strategically orchestrated by Anglo.
Notwithstanding the loss of their lawyers, the family say they remain steadfast in their resolve to succesfully conclude their challenge to what they say are illegal loans issued by Anglo to Quinn companies.
Full Quinn family statement:
We are annoyed and frustrated to confirm that due to the financial position we have been placed
in as a result of Anglo’s hostile takeover of our companies, and recent Court Orders obtained by
the bank, we have been forced to instruct our legal team, Eversheds, and Counsel to immediately
withdraw from representing us.
This disastrous scenario for each of us has been strategically orchestrated by Anglo, who have
done everything in their power to ensure that our challenge over the illegal loans advanced to our
companies is never heard before the Irish Courts.
We are infuriated that Anglo who unlawfully seized control of our companies on the basis of
these illegal loans continue to stand over them along with the banks past managements practices,
notwithstanding that criminal charges have now being brought against Anglo’s former executives.
We have done everything in our power to avoid this litigation dispute and have tried to reach
an amicable resolution with the new management of Anglo, through numerous approaches and
proposals, all of which have being rejected. We therefore remain steadfast in our resolve to bring
the main litigation to a successful conclusion, and are absolutely confident that justice will ultimately
We would like to sincerely thank our solicitors Eversheds and Counsel for their unwavering support
over the past 2 years and for their excellent service and professionalism, in what has been a very
difficult and contentious case.
UPDATE 5.30pm: The Irish Bank Resolution Corporation has said it has made express provision for "reasonable legal expenses" for the Quinn family.
It follows confirmation earlier that the family's solicitors will no longer represent them in their legal battle against the former Anglo Irish Bank.
The IBRC has issued a statement this evening saying although individuals within the family have had assets frozen, the institution has made express provision for the discharge of legal expenses.
more stories like this:
- once per day, no spam.