Kremlin-owned GTLK firms to fight winding-up application in Irish High Court

Two Irish-registered aircraft and ship leasing firms that are part of a group ultimately owned by the Russian state are opposing a High Court application for their winding-up. If the application is successful it would be the largest liquidation in the history of the Irish State. The creditors, whose petition is being supported by other creditors of the group, want Damien Murran and Julian Moroney of Teneo to be appointed as joint liquidators to the companies, which have been hit hard by international sanctions imposed on Russia following the invasion of Ukraine. More from the Irish Times.