The total value of former Quinn group assets recovered by IBRC, including assets in Ireland, is believed to be somewhere between €800m and €1bn. The costs of recovering some of the assets, including litigation costs here and in several other countries, could be as high as €170m. The settlement is confidential but includes the consent of the Quinn siblings and the three spouses to the $133m judgment, counsel said. Sean Quinn senior, to whom the $133m judgment order does not apply, had also signed the settlement agreement, counsel said. He said the parties had signed up to the settlement agreement at various times, including March 29 and March 31.

Source: Irish Examiner April 03, 2019 11:48 UTC