Sean Quinn insists business based in Fermanagh industrial estate

Belfast High Court has heard that former billionaire Sean Quinn has moved his centre of main business interests to an industrial estate in Fermanagh.

The Irish Bank Resolution Corporation (IBRC, formerly Anglo Irish Bank) is back in court today challenging Mr Quinn's declaration of bankruptcy in the North.

Sean Quinn lost control of his insurance and manufacturing businesses in April this year. He had been plunged into financial trouble by purchasing bank shares which then became worthless.

IBRC says he owes the bank more than STG£1.73bn.

It says Mr Quinn's main business interests are in the Republic, therefore invalidating the bankruptcy move in Northern Ireland.

However, Mr Quinn says his main interests are in an industrial estate at Derrylin in Fermanagh because he has worked there all his life.

IBRC argue that, although Mr Quinn was entitled to keep secret his "alleged office" in Northern Ireland, it failed to comply with bankruptcy regulations.

Mr Justice Deeny pointed out that the businessman claimed to use the industrial unit in Fermanagh for work on the ongoing litigation involving him and his family, but he was told this could only be interpreted as a personal, rather than business, issue.

The hearing continues.