Tamboran’s acquisition of Falcon has been complicated by sanctioned shareholder Viktor Vekselberg but US authorities have issued a licence to “consummate” the deal.
Timaero is linked to sanctioned bank VEB and its case against Boeing goes back nearly seven years. The aircraft maker claims the lessor has repeatedly failed to comply with discovery.
The Louth-based company was pursuing a case against Siam Aero over $820,000 stolen by hackers who intercepted its email exchanges with the Thai dealer.
David O’Sullivan oversees how EU sanctions against Russia are devised. He speaks to The Currency about dealing with sanctions evasion and recent controversy with Aughinish Alumina.
The crypto foundation was this week tied to members of a controversial Cambodian group sanctioned by the US but the former taoiseach has denied any links to the charity’s Irish arm.
Eighteen member states were reprimanded last year for delays in transposing the sanctions directive. Since then, several countries have moved ahead but Ireland lags behind.
Sanctioned Russian businessman Viktor Vekselberg almost scuttled a major deal for the Irish-headquartered oil-and-gas explorer this week in a courtroom in Vancouver.
The UK’s Supreme Court ruled against the Irish aircraft lessors in favour of the bank in a dispute over interest linked to letters of credit and planes stuck in Russia.
Oleg Boyko loaned $5m to the Irish arm of fintech firm E21 but the company argues sanctions prevent repayment. Legal proceedings are playing out in the UK and US.
The lessor is being liquidated in Ireland after sanctions floored its business in 2022 but it is still going through several cases in other countries where it requires licences from authorities.
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