Court backs liquidators’ claim to jet planes trapped in Russia ...Middle East

Case covered 37 aircraft leased by Dublin units of the state parent firm The liquidators had claimed the parent company was attempting to register itself as the legal owners of aircraft. Photo: Getty Images The High Court has ruled in favour of the joint liquidators of two Irish-based Russian State-owned leasing firms in proceedings brought against the entities’ parent over attempts to seize aircraft worth an estimated $2bn In a ruling yesterday, Mr Justice Rory Mulcahy said the liquidators to Dublin registered GTLK Europe DAC, and GTLK Europe Capital DAC, were entitled to various declarations in relation to the firm’s parent Joint Stock Company State Transport Leasing Company’

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