Commercial Court to rule on Anglo bid to force repayment of Quinn debts

The Commercial Court will rule today whether the bank formerly known as Anglo Irish will get orders directing Sean Quinn to repay debts of more than €2bn.

The Irish Bank Resolution Corporation applied for summary judgement against the businessman last week.

Behind this move by IBRC against Sean Quinn are concerns over the businessman's being declared a bankrupt in Belfast.

The bank's lawyers say the timing was "hardly accidental" and this Thursday will apply in the North to annul Sean Quinn's bankruptcy, claiming it is contrived.

They say his personal and business dealings are centred on this side of the border. The UK has more lenient bankruptcy laws.

In the meantime, IBRC wants Mr Justice Peter Kelly to grant them summary judgement orders against Sean Quinn for more than €2bn.

The debts arose mostly from business loans to companies within the Quinn group.