Quinn gets go-ahead to retain services of merchant bankers

The High Court has granted Quinn Insurance and the administrators appointed to the group permission to retain the services of merchant bankers Macquarie Capital Europe to advise them in any prospective sale of the group.

The court also approved the costs to date incurred by joint administrators Michael McAteer and Paul McCann of Grant Thornton, who were appointed by the court last March.

Yesterday the president of the High Court Mr Justice Nicholas Kearns said he was satisfied to grant liberty to the administrators and the Quinn group to retain the merchant bankers as advisers.