High Court grants Quinn permission to retain 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 Ltd 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 following an application to the High Court by the Financial Regulator last March.