Sean Quinn could resist Quinn administration
The Quinn family proposed to pay up to €200 million to the holders of around €1.3 billion of Quinn Group debt instead of guarantees over the assets of subsidiary companies, according to reports in the Irish Times.
The payout was one of several recommendations suggested by the Quinn family in takeover talks with Anglo Irish Bank (AIB).
Sean Quinn may challenge Quinn Insurance's administration procedures if AIB stops the Quinn family from bidding for the insurer, according to the Irish Independent.
The Quinn family are expected to urge AIB to reconsider a joint bid for Quinn Insurance Limited in a meeting today.
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