The task of winding wind up the Irish-based companies of Russian stated-owned aircraft lessor GTLK is a mammoth one. And it’s an undertaking that is influencing cases in other jurisdictions. The liquidation of GTLK Europe DAC and the related GTLK Europe Capital is the largest in the history of the state and involves a multi-jurisdictional effort to untangle billions of euro worth of assets and weave through sanctions. Winding up the companies could take another two years to complete, by joint liquidators at Teneo, and is starting to bleed into other disputes. Ascent Aviation, the US aircraft maintenance and repair…

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