Courts / Dublin / Report

Ruling in Russian aircraft case expected next week

Date
2023-12-14
Stage
Hearing Or Decision
Primary locality
Dublin
County
Dublin

Summary

The High Court will rule before Christmas on an application in the largest liquidation in the history of the State, aimed at preventing the Russian parent of two leasing firms from seizing ownership of about 37 highly valuable aircraft. Damien Murran and Julian Moroney, joint liquidators of Dublin‑registered GTLK Europe DAC and GTLK Europe Capital DAC, argue that the aircraft belong to the firms in liquidation and that the parent has no legal entitlement. They seek orders to set aside 'pledge agreements' that the parent claims give it ownership, and declarations that those agreements are void and unenforceable under Irish law, with the liquidators retaining title. The parent, owned by the Russian Federation, has not participated in the proceedings and claims it would not receive a fair hearing in Ireland, a claim rejected by the liquidators. Mr Justice Rory Mulcahy has reserved his decision and will give a ruling early next week.

Who, what, where, when and why

What: Report matter: Ruling in Russian aircraft case expected next week. Procedural stage: hearing_or_decision

When:

Case subjects

Gtlk Europe

Applicant

Places mentioned

Court Venue
  • The High Court
  • High Court
Secondary Mention

Topics

Stage Hearing Or Decision

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