By Maya Lester KC & Michael O’Kane

UK High Court grants Petropavlovsk administrators permission to enter into sale

On 1 August 2022, the English High Court (Chancery Division) granted the administrators of Petropavlovsk PLC permission to enter into a sale and purchase agreement (SPA) with UMMC-Invest. Petropavlovsk, an English holding company that owns gold mining and exploration entities operating in eastern Russia, was unable to pay its debts following the imposition of Russia sanctions. Case: [2022] EWHC 2074 …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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