Firms seeking derogation from EU sanctions on Kremlin-controlled company’s interest in vessels overcome legal hurdle

📆 07/03/2023 23:08:00
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Firms seeking derogation from EU sanctions on Kremlin-controlled company’s interest in vessels via IrishTimesBiz

Mr Justice Cregan previously made orders recognising and enforcing the English court’s December 2022 orders relating to the Polaris and the Pollux ships.

The ships, built or being built at a Turkish shipyard, were commissioned for use as coastal passenger transport services under long-term charters to the Norwegian minister of transport, the judge said. Marcus Dowling SC, instructed by William Fry solicitors, told the Irish High Court on Tuesday that the Central Bank, in assessing the derogation application, had raised a concern that GTLK Asia had not been a party in the English proceedings.

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