US carrier Frontier Airlines has claimed that assets belonging to Dublin-based aircraft lessor AMCK were “raided” as part of a $4bn (€3.9bn) takeover of the firm so that the Irish unit would render itself “judgment-proof” if it loses a $53m (€52m) lawsuit taken against it in 2020 by the Colorado-based airline.
Irish distribution giant DCC “weaponised” its internal audit team to find ways to reduce earn-out payments due following its multi-million dollar acquisition of US firm Stampede, the former owners of the New York-based company claim.
Ireland should provide tax relief for the development of new sustainable fuel technologies as part of efforts by the sector to reduce its carbon emissions, according to accountancy and professional services group PwC.
