Bondholders pushing to wind up two Kremlin-owned aircraft and shipping leasing firms faced an open goal in the High Court on Tuesday, as they argued ongoing economic sanctions will make it impossible for the Irish GTLK companies to resume trading or retrieve aircraft assets stranded in Russia. Once valued at $4.5 billion, the Dublin-headquartered GTLK Europe and GTLK Europe Capital are now facing imminent collapse with bond debts of around €1.6 billion. Tomorrow at 2 pm, Justice Conor Dignam will decide whether to pull the trigger on the biggest corporate liquidation in the history of the state. A potential reprieve by way…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .