GTLK liquidators secure court orders in row with Russian parent over alleged attempt to seize aircraft
Judge rules liquidators retain title to the planes
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Judge rules liquidators retain title to the planes
Liquidators say aircraft are the property of the companies in liquidation
The High Court will rule before Christmas on an application by the joint liquidators of two Irish-based Russian State-owned leasing firms to prevent the entities' parent from "seizing ownership" of dozens of highly valuable aircraft. Damien Murran and Julian Moroney, who are the joint liquidators to Dublin registered GTLK Europe DAC, and GTLK Europe Captial DAC, are seeking orders from the High Court aimed at preventing Joint Stock Company State Transport Leasing Company from acquiring some
The parent company of the Russian state-owned transport leasing firm GTLK is unlikely to participate in proceedings brought against it in Ireland by liquidators appointed over its Dublin-registered subsidiary, because its lawyers claim it won’t get a fair hearing in this jurisdiction.
Lawyers claim it will not get a fair hearing here