Courts / Dublin / Report

Received appointed over shares in firms linked to Russian businessman

Summary

The High Court appointed a receiver over shares in three Irish aviation firms—Fastway Leasing DAC, Avion Leasing Ltd DAC, and City Leasing DAC—linked to Russian businessman Rashid M Mursekayev. The shares are held in trust for Mursekayev, who is under criminal investigation in Russia for alleged fraud related to financial difficulties at Vim Avia Airlines, a company he co‑owns. The court's orders were sought by lawyers for the US‑registered firm Volgadnepr‑Unique Air Cargo Inc, which had obtained a €4 million judgment in German courts against a German‑registered firm, ACG Air Cargo, whose loan was guaranteed by Mursekayev. The receiver, Mr Jim Luby of McStay Luby, is to hold all shares and prevent any transfer or disposition pending further court orders. The orders were granted ex‑parte by Mr Justice Paul Gilligan and the case was adjourned to a date next week.

Who, what, where, when and why

What: Report matter: Received appointed over shares in firms linked to Russian businessman. Procedural stage: hearing_or_decision

When:

• 2017-10-31 Publication

Why: The orders were being sought in the Irish courts against the three companies in order to enforce the judgement obtained in Germany. CNI source report

Places mentioned

Topics

Fraud Stage Hearing Or Decision

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Read the original CNI report