Published Thursday, 05 January 2012
A judge at the High Court in Belfast granted continuing injunctions against creditors seeking to wind up a company which owns a Ukranian shopping centre.
A similar order involving another Quinn Group property in Russia was also granted.
It means that injunctions obtained on behalf of the former Anglo Irish Bank last month will now remain in place until 26 January.
It also emerged that one of the orders was granted during a special court sitting after midnight on 23 December.
The injunctions relate to a number of firms, including Lyndhurst Development, trading as SA Demesne Investments Ltd, which is based in the British Virgin Islands.
Another of those involved in Galfis Overseas Ltd, based in Belize.
The companies are believed to be major creditors of the eastern European business ventures.
Mr Quinn, once Ireland's richest man, declared himself bankrupt in Northern Ireland in November over an alleged €2bn debt to Anglo, now renamed as the Irish Bank Resolution Corporation (IRBC).
The corporation is currently locked in a legal fight to have that move annulled on the basis that the 65-year-old's centre of main interest is south of the border.
Mr Quinn was stripped of control of his manufacturing and insurance business empire last April.
A share receiver was appointed to Quinn Finance Holdings, which holds a number of property investments for the family.
It was on behalf of the newly controlled Quinn Finance that the injunctions were obtained.
They currently prevent Lyndhurst and Galfis from bringing any action over loan agreements associated with the properties in Ukraine and Russia.
The two injunctions name Quinn Finance and Quinn Hotels Praha AS as plaintiffs alongside IBRC.
They state that the defendants are restrained from taking any steps to sell, transfer or deal with any of the assigned loan agreements and/or any judgement of any court arising out of them.
Prohibitions have also been placed on demanding payment or seeking to enforce the agreements, along with any attempt to discharge or pay out money in connection with them.
The injunctions also compel the defendants to retain and hold any money paid out to them.
The court document warns: "If you disobey this order you may be found guilty of contempt of court and may be sent to prison or fined or your assets may be seized."