Wednesday, October 17 11:41:42
Sean Quinn junior today has his appeal against a conviction for contempt turned down in the Supreme Court but set aside an order of the High Court allowing for his indefinite imprisonment until he purges his contempt.
Mr Quinn has served three months behind bars and is due back before the High Court on Friday.
The indefinite detention order related to a number of coercive orders aimed at reversing an asset-stripping scheme.
Parts of the order relating to financial disclosure and the appointment of receivers were upheld.
IBRC may make a new application to the High Court to have him returned to prison in respect of his involvement in a payment of half a million dollars from a Ukraine company.
Sean Quinn Jnr did not react when the ruling was delivered.
Members of the Quinn family including his wife and two of his sisters were in court for the ruling.
The majority decision was delivered this morning by the Chief Justice, Ms Justice Susan Denham.
In a dissenting judgment, Mr Justice Adrian Hardiman said he would have allowed the appeal.
The decision follows a four-day appeal against his conviction and imprisonment for contempt of court last July.
Sean Quinn Jnr had appealed the three-month jail term imposed in July for breaches of court orders not to interfere with the Quinn family's E500m international property group.
He was jailed after the High Court found he failed to take steps to reverse an asset-stripping conspiracy to put funds beyond the reach of IBRC, formerly Anglo Irish Bank.