High Court permits Cypriot firm to buy ships leased from Irish registered company owned by Russia

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The proceedings were taken in a bid to beat the US deadline on deals with sanctioned companies and a later EU deadline.

Image: Shutterstock Image: Shutterstock HIGH COURT ORDERS have been made permitting a Cypriot shipping firm and its related entities to purchase vessels it currently leases from an Irish registered company that is ultimately owned by the Russian state – before the looming deadline of international economic sanctions against Russia for its invasion of Ukraine.

Applications for orders and reliefs had been brought by Pola Logistics Limited and its companies, which are not the subject of any international sanctions, against leasing companies GTLK Europe and GTLK Malta Four with addresses in Hume Street, Dublin and Malta respectively which are subject to sanctions.

Judge Sanfey directed that under the terms of the leasing agreements the applicants were entitled to purchase the vessels which were still in their possession.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Or to put it another way, sanctions evasion. Because if owned by Cyprus, they are still owned by Russia anyway.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 32. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Court allows Cypriot company to buy vessels from Russian-owned Irish entityDeal will proceed before deadlines imposed by international sanctions
Fonte: IrishTimes - 🏆 3. / 98 Consulte Mais informação »