Court to decide tomorrow week on whether Quinn family can continue legal action
on 07/03/2013 14:48:51
Their lawyers say the Commercial Court has the power to lift a statutory stay on their lawsuit against IBRC.
The stay, which affects all existing legal proceedings against the bank, took effect when the Oireachtas enacted emergency legislation last month to wind up IBRC.
The Quinns are suing the former Anglo Irish Bank over the legality of €2.3bn of loans issued to Quinn companies.