Courts / Dublin / Report
Bid to liquidate Russian owned leasing companies adjourned
Summary
The High Court has postponed the hearing to wind up two Russian State‑owned leasing firms, GTLK Europe DAC and GTLK Europe Capital DAC, until the end of May. Four creditors, including Trinity Investments DAC and Ben Oldman Special Situations Fund LP, petitioned the court, arguing the firms are insolvent and cannot pay debts of about €162.5 million. They seek Damien Murran and Julian Moroney of Teneo Restructuring Ireland as joint liquidators. The companies, which claim they remain solvent despite sanctions, oppose the application. The court, after a pre‑trial application by Benedict O'Floinn SC, agreed to adjourn the matter to 29‑30 May, citing the need for more time to prepare legal submissions. The hearing was originally scheduled for next week and was expected to last two days. The case involves the largest winding‑up in Irish history, with the firms' assets valued at over €4.11 billion.
Who, what, where, when and why
What: Report matter: Bid to liquidate Russian owned leasing companies adjourned. Procedural stage: hearing_or_decision
When:
- February 2022 Other
- 2023-05-11 Publication
Case subjects
Applicant
Places mentioned
- The High Court
- High Court
Topics
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