UK Extends Sanctions License Related to GTLK Companies to 2030
The U.K. extended the general sanctions license permitting insolvency-related payments and activities involving GTLK Europe and GTLK Capital until July 31, 2030. The license specifically permits any individual or corporation to "make, receive or process any payments, or take any…
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other action, in connection with any Insolvency Proceedings, whether prior to or after the commencement of such proceedings." The license had been slated to expire July 31, 2025.