Courts / Dublin / Report

Liquidators say Russian State owned parent will attempt to seize ownership of aircraft

Summary

In November 2023, the joint liquidators of GTLK Europe DAC and GTLK Europe Capital DAC, two Irish subsidiaries of Russia's State‑owned leasing firm GTLK, filed High Court proceedings to stop the parent company, Joint Stock Company State Transport Leasing Company, from claiming ownership of 37 aircraft. The liquidators, represented by Stephen Byrne BL, argue that the parent's claim is based on pledge agreements signed in March 2022, before EU sanctions were imposed. They contend the agreements were intended to secure loans from the parent to GTLK Europe between 2017 and 2022, and that the parent seeks to enforce them to seize the aircraft under Russian law. The liquidators seek orders to set aside the pledge agreements, declare them void under Irish law, and affirm that the liquidators retain title to the aircraft. The case is set to return to the High Court next week.

Who, what, where, when and why

What: Report matter: Liquidators say Russian State owned parent will attempt to seize ownership of aircraft. Procedural stage: hearing_or_decision

When:

• March 2022 Other
• 2017 and 2022 Other
• 2023-11-21 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

Related court reports

• Man charged with having 56k child abuse images and videos remanded on bail
• Ex-Dáil hopeful's allegations against former employer 'complete fantasy', WRC told
• Mater must pay €10k to worker who said he was wrongly accused of abusing patient
• 'I think we know I won't be getting bail' - Daniel Kinahan charged with directing criminal organisation
• Letting agent who claimed alleged domestic violence victim abandoned tenancy by fleeing to refuge must pay €14.7k
• 77-year-old with 470 convictions told Luas staff to 'f**k off'

Read the original CNI report