Liquidators appointed to Russian state-owned transport leasing companies want formal High Court recognition as having control of firms in light of sanctions
It is “highly unlikely” that there will be any surplus funds from the liquidation of two Russian-state-owned leasing companies which once held $4.5 billion in assets, the High Court has heard.
Lawyers for joint liquidators appointed over GTLK Europe Capital DAC and GTLK Europe DAC in May also said the risk of assets being placed out of reach of creditors was increasing with time and therefore there was “considerable urgency” to their court applications. The liquidators want the High Court to formally recognise them, and not any Russian entity, as having effective control of the firms so they can have more sweeping powers to do their work in light of ongoing sanctions.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Irish government ‘open’ to using seized Russian assets to rebuild UkraineThe government will reserve its final position on an EU proposal until after work has been done by European Commission on legal framework
Read more »
Irish government ‘open’ to using seized Russian assets to rebuild UkraineThe government will reserve its final position on an EU proposal until after work has been done by European Commission on legal framework
Read more »
Victoria Amelina: She wanted us to grasp what was happening in her country, and she was unforgettableUkrainian writer, who documented the war in her country, died from injuries sustained by Russian shelling
Read more »
Irish government ‘open’ to using seized Russian assets to rebuild UkraineThe government will reserve its final position on an EU proposal until after work has been done by European Commission on legal framework
Read more »
'I braved the Taylor Swift ticket pre-sale - it was worse than I imagined'Proud Swiftie Amber O'Connor tried her luck in the highly-anticipated pre-sale for Taylor Swift's The Eras Tour. Unfortunately, as she found out, many fans could be in for a 'Cruel Summer'
Read more »
Legal services outside major urban areas face uncertain future, says Law Society chiefSurvey of solicitors raises prospect of ‘legal deserts’ as pressures mount on small firms
Read more »