High Court bid to wind up Russian owned leasing companies adjourned to the end of May

📆 11/05/2023 23:50:00
📰 thejournal_ie

⏱ Reading Time:
36 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 50%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The judge said the court wanted to be fair to all sides and agreed to adjourn the matter to the end of the month and fixed the hearing for 29 and 30 May.

THE HIGH COURT has agreed to adjourn a hearing to wind up two Russian State-owned aircraft and shipping leasing firms worth over €4.11 billion to the end of the month.

Justice Brian O’Moore had fixed the hearing of the petition to wind up the companies to next week, and the matter was expected to last for two days. Given the urgency of the matter and the size and scale of the businesses sought to be liquidated, the judge said he was not prepared to put the matter back any further than the end of the month.

The other two creditors seeking the winding up orders are Ben Oldman Special Situations Fund LP and Sona Credit Master Fund Limited which are both registered in the Cayman Islands.The creditors claim that the economic sanctions imposed on Russia following the invasion of Ukraine in February 2022 have had “a devastating effect” on the GTLK Europe Group.

Escrever Comentário

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:

Portugal Últimas Notícias, Portugal Manchetes

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

NALM entitled to £840,000 investment proceeds of boom-era developer Bernard McNamaraThe Clare-born developer was declared a bankrupt by the British high court in 2012
Fonte: IrishTimes - 🏆 3. / 98 Consulte Mais informação »