High Flying solicitor & wife have 71.5 million awarded against them by BOI

[Baron von Biffo]

If you think Quinn's wife claiming she didn't know what she was doing was the most stupid thing you heard to day, wait for this:



This hot-shot corporate solicitor has difficulties finding legal representation??? You'd think he'd be well able to represent himself in court...

There's a saying in legal circles - The lawyer who represents himself has a fool for a client.

[TotalMayhem]

He can't be that bright if he was turned down by 16 law firms in Dublin.

[Digger Out]

If you think Quinn's wife claiming she didn't know what she was doing was the most stupid thing you heard to day, wait for this:



This hot-shot corporate solicitor has difficulties finding legal representation??? You'd think he'd be well able to represent himself in court...

of course he would be able to represent himself. He was in charge of Wm Fry & Sons at one stage. From what he was saying on Finucane this am, I think he is playing at something like not having got due notice of the hearing. He can always use that, because if he did turn up he could not use the service issue. He may plead that he "was hard done by in his absence "

[DCon]

The O'Donnell's have been bankrupted in the UK

BOI are fighting it.

Bankruptcy tourism could be the next big thing across the water

[Baron von Biffo]

According to SixOne, the courts have granted BoI access to Villa Vulgaris to tot up the tat for future sale.

[Stanley 2]

http://www.independent.ie/business/i...y-3201704.html



Looks like BoI and O'Donnell were trying to do a deal without Morgan Stanley, main tenant and lender for the building, who have decided to play hardball and stuck a Receiver in, wonder how Judge Peter Kelly will see this in due course, this love/hate relationship.

[PaddyJoe]

http://www.independent.ie/business/i...y-3201704.html
.

Eh?

On July 25, lawyers for Bank of Ireland told the High Court that Brian O'Donnell, his wife and two adult sons had put together a "blatant" scheme to put €255m worth of assets beyond the bank's reach. The bank claimed fraud by Mr O'Donnell and his wife Mary Patricia and their sons, Bruce and Blake.

Both sides were in agreement that the proceeds of a sale of shares in a a company called Hibernia would go to help pay off Brian and Mary Patricia O'Donnell's debt to the bank.

That was despite the fact that in court, Mr O' Donnell had said Hibernia was owned by his son, Blake O'Donnell, through a trust and not owned by the couple. The trust would put the assets beyond the reach of the lender.

What am I missing here? Why are the Quinns in contempt of court and O'Donnell isn't?

[PaddyJoe]

I'm still trying to figure out why Brian O'Donnell isn't in jail.

SOLICITOR BRIAN O’Donnell, his wife and two adult sons have asked the High Court to halt proceedings by Bank of Ireland alleging fraud against them over an alleged conspiracy to put in place a “blatant” scheme to put property assets in London beyond its reach.

Opposing the application, Cian Ferriter SC, for the bank, said it would be claiming there was a fraud aimed at frustrating the judgment granted against the couple.

The bank should be allowed proceed with an action validly commenced in this jurisdiction, he argued. The bank contends the ownership of the two London properties was moved on by the defendants either through dilution of the share capital or, in Hibernia’s case, holding the shares via a trust.

It alleges the trust is a sham and wants declarations Hibernia is owned by the couple and also wants the share capital in Havergate restored.

The bank is also seeking to establish the situation related to income being earned from Columbus Courtyard and another property, Chalet Hermine, Courcheval, France.

http://www.irishtimes.com/newspaper/...325455169.html

[PaddyJoe]

I still haven't quite worked out why Brian O’Donnel isn't currently playing cards with Sean Quinn in the Training Unit:

Brian O’Donnell, the one-time multimillionaire solicitor and property investor, and his wife Mary Patricia claimed to have just £8,500 (€10,500) left in cash, according to their court bankruptcy filing in London.

The couple list life assurance and pensions fund worth £6.2 million as well as a Daimler, a Morgan sports car and a Bentley, valuing them at £68,500 in the previously undisclosed documents.

Their bankruptcy petition, filed in March, was released by their lawyers after The Irish Times made representations to the High Court in London.

The bank has secured a €75 million judgment against the couple in the High Court. The lender is contesting their bankruptcy in the UK in a case expected to be heard imminently in the High Court in London, possibly early next week.

They say they are entitled to file for bankruptcy in the UK as it is their “centre of main interest”, which the bank disputes.

Their business, Vico Capital, once owned properties worth more than €1 billion, ranging from office blocks in London’s financial district of Canary Wharf to Washington, just blocks from the White House. It had debts of €886 million.

Listing his home as “London House” on Barton Street, Westminster, London, Mr O’Donnell blames Bank of Ireland for their financial trouble.

“In the midst of the most severe property crash in the western world, Bank of Ireland refused to co-operate in an orderly management and disposal programme of my real estate interests,” he said in the filing.

Mr O’Donnell was about £670,000 overdrawn on two Bank of Ireland bank accounts and about £100,000 on an AIB account, the court papers show. He had £8,000 in his account at HSBC in Westminster.

To prove that London is his centre of main interest, he includes theatre tickets, a Tesco receipt, dry-cleaning bills, a £3,000-a-year car parking bill and TV licence renewal form with his filing. He also includes an invitation from the Prince of Wales for a tour of the gardens at Highgrove, the prince’s home in Gloucestershire.

Mr O’Donnell valued his seven-year-old Bentley Continental GT at £55,000, saying that the condition of the car, based in London, was “good”. Bank of Scotland is owed £54,000 on the financing of the vehicle.

http://www.irishtimes.com/newspaper/...327007564.html

[DCon]

That's pretty weak. 2 annual bills, a couple of weekend theatre trips and an invitation from Charlie hardly count for "centre of main interest". Or do they?

To prove that London is his centre of main interest, he includes theatre tickets, a Tesco receipt, dry-cleaning bills, a £3,000-a-year car parking bill and TV licence renewal form with his filing. He also includes an invitation from the Prince of Wales for a tour of the gardens at Highgrove, the prince’s home in Gloucestershire.

[Stanley 2]

http://www.irishtimes.com/newspaper/...9.html?via=rel


The property in Barton St, London is interesting paticularly its ownership and lease arrangements.

You can only laugh at the Bentley worth £55k, o/s finance £54k, just hand it back.

[Stanley 2]

http://www.irishtimes.com/newspaper/...327300437.html



Well fup me, Brian buys a grave as proof of residency but forgets to pay or register for tax in UK and has not got an NI number, oh and is also seeking to transfer 350m worth of property to the kids, cos they are worth it

[Baron von Biffo]

The O'Donnell's have failed in their attempt to get a UK bankruptcy.

SixOne reporting that the High Court judge said "I'm afraid I cannot regard Mr. O'Donnell as a frank or even a wholly truthful witness".

[PaddyJoe]

Once again I wonder how Quinn is behind bars and so many others aren't:

Equally, he had failed to reveal a consultancy fee of £120,000 a year for managing 17 Columbus Courtyard, the UK headquarters of Credit Suisse, and one of the properties he had bought in the past. “In cross-examination, Mr O’Donnell said that he misread the form or did not know how to answer the question correctly. I cannot regard either explanation as convincing, especially coming from an experienced solicitor,” the judge said.

Dealing with the couple’s collection of art and antiques, the judge said it had been valued at €7.5 million by Deloitte in 2005 and at €5 million a year later, though the O’Donnells valued it at just €150,000 last March.

“The evidence thus suggests two possibilities: either that valuable items have been disposed of [which Mr O’Donnell denies] or that Mr O’Donnell was prepared to put forward misleadingly high figures to the bank. Neither would reflect well on him,” the judge said.

Dealing with some of the London properties bought by the couple, Mr Justice Newey said Mr O’Donnell had said that he had no beneficial interest in them and that they were held in trust for their children.

“I am in no position to form any view on them. What I can say is that there once again appear to be two possibilities: either the trusts did not exist or Mr O’Donnell was willing to supply the bank with misleading information,” he said.

On March 6th, Mr O’Donnell had sworn that the bank had not known about the trust, though he said this month that he thought it did know because he had “heard so” from an accountant. “That cannot be true . . . [He] has himself given evidence to the contrary,” the judge said.

He said he did not accept Mr O’Donnell’s evidence that an application to renew his Irish solicitor’s practising certificate this year had been submitted without his knowledge, even “though it was signed by him”.

http://www.irishtimes.com/newspaper/...328120097.html

[The Moth]

Quinn is in prison because the government want him there. If Quinn ever manages to sue Anglo for loans illegally made to prop up its share price, a case most experts think will be successful, then much of the Governments banking policy will unravel. Not to mention all the little secrets emerging that are buried in the bank. The government is not too bothered about the other crooks like Treasury, O Ds etc who probably owe much more then Quinns. They are as usual only concerned about covering their own backs - that is after they ensure that their salaries, expenses and pensions keep rolling in.