Quinns say courts must lift orders freezing accounts

The family of bankrupt businessman Seán Quinn has claimed the insolvency of Irish Bank Resolution Corporation means the courts must urgently lift orders freezing their accounts below €50m each and preventing them transferring assets in their international property group.

Alternatively, the family say the special liquidators of IBRC must lodge up to $500m in court to meet any claim for damages should they win the case.

Mr Justice Peter Kelly in the Commercial Court said he would hear the matter next Monday.