The Supreme Court has denied an appeal from Joint Stock Company (JSC), citing their legal tactics as an abuse of process in a case involving 37 aircraft valued at over €1.85bn, stuck in Russia due to EU sanctions.
JSC was unable to participate in prior legal proceedings, sought to appeal a High Court declaration that voided pledge agreements granting it a charge over the aircraft, made just before sanctions were imposed.
The Court of Appeal found JSC’s non-appearance in the High Court to be a deliberate tactical decision aimed at blocking liquidators from pursuing claims in Irish courts, rather than due to unavoidable circumstances.
The Supreme Court judges affirmed the Appeal Court’s ruling, stating that JSC’s request did not meet the standards for an appeal, emphasizing that the interests of justice do not necessitate further legal action in this instance.
TCH, Joint Stock Company is the executive body of the Russian Air Transport Settlement System (ATSS) and a leading supplier of aviation content and ancillary services for airlines and travel agencies. TCH was founded in 1994 by 24 airlines of Russia and CIS countries. TCH and Sirena-Travel GDS.
