The family of bankrupt businessman Sean Quinn is looking for a High Court order to prevent assets owned by the Irish Bank Resolution Corporation (IBRC) being transferred to the National Asset Management Agency (NAMA) as part of the liquidation of the bank.

They are concerned that the IBRC Act 2013 allows the assets of the bank to be put irrevocably beyond their reach.

In 2011, Kieran Wallace was appointed by IBRC as a share receiver of the Quinn Group - removing the Quinn family from any role in operating the business.

The Quinns argue the family lost millions because of the movement of assets that subsequently took place.