English High Court Grants Petropavlovsk Administrators Permission to Enter Into Sale Amidst Sanctions Concerns

On 1 August 2022, the English High Court granted the administrators of Petropavlovsk PLC (the “Company”) permission to enter into a sale of its Russian assets to Russian entity UMMC-Invest (the “Proposed Sale”) amidst sanctions concerns.

Filed under:
Russia, United Kingdom, Insolvency & Restructuring, Litigation, Trade & Customs, White Collar Crime, Morrison & Foerster LLP, Sanctions, Insolvency, Office of Financial Sanctions Implementation (UK)
Authors:
Howard Morris , Tola Adeseye
Location:
Russia, United Kingdom
Firm:
Morrison & Foerster LLP