Billions of pounds at stake as family empire slowly unravelled over years
April 2011: A share receiver is appointed to the Quinn Group by Anglo Irish Bank which is owed over £2.2bn. Anglo takes control of the Quinn family's equity interest in the Quinn Group.
May 2011: Quinn family initiate High Court proceedings against Anglo in which they deny liability for some £1.8bn of total loans of about £2.2bn which they claim were given illegally by the bank to prop up its share price. Weeks later, Anglo counterclaims (the conspiracy proceedings) that the Quinns and others conspired to strip assets valued at up to £370m in the Quinns' international property group (IPG).
June 2011: High Court in Dublin grants temporary injunctions preventing the Quinns from taking steps to place the IPG beyond the reach of Anglo.
June 2012: High Court orders Sean Quinn snr, his son Sean Quinn jnr and nephew Peter Darragh Quinn to serve three months in prison for contempt of court, for breaking court orders not to interfere with the IPG. Both Seans go to jail. Peter Darragh Quinn flees to Northern Ireland and is still at large.
June-July 2012: High Court grants worldwide mareva orders freezing the assets of the Quinns who are not allowed to reduce their personal or corporate wealth below €50m.
February 6, 2013: Irish Government publishes draft legislation amid speculation that Anglo, now known as the IBRC, will be liquidated.
February 7, 2013: Legislation enabling the immediate liquidation of IBRC signed into Irish law.
Two informants, through a solicitor, approach the bank claiming to have information pertaining to assets held by the Quinn family. The IBRC board is immediately notified and the informants undergo a due diligence process.
February 2013: The main Quinn proceedings are suspended pending the outcome of separate criminal proceedings against three former Anglo executives.
March 15, 2013: IBRC signs an agreement with the informants. Under the deal, the informants – who claim the Quinns have "very substantial assets" not disclosed in the court proceedings, will receive 3% of any cash recoveries.
February 21, 2014: IBRC files application in Commercial Court in London seeking disclosure orders against several parties. The orders, granted three days later, are themselves subject to gagging orders – so the Quinns know nothing about it.
March 12, 2014: IBRC asks bankruptcy court in Delaware, in the US, for disclosure against Yahoo! Inc, AOL and mail.com. These too are subject to gagging orders.
April 2014: Sean FitzPatrick, former chairman of Anglo, is acquitted on all charges that he provided unlawful loans. Pat Whelan and William McAteer, former directors, are convicted of providing unlawful loans to the Maple 10 group of borrowers. All three are acquitted in relation charges of illegally providing loans to the Quinns.
May 19, 2014: The way is cleared for the Quinns' main case to proceed after the Anglo trial ends.
May 30, 2014: IBRC tells the Irish High Court of its recent discoveries.