East Riding of Yorkshire Council as Administrating Authority of the East Riding Pension Fund v KMG SICAV-SIF-GB Strategic Land Fund

Subject Matter

COMPANY — Winding up — Unregistered company — Umbrella fund comprising multiple dedicated funds each with its own pool of assets — Petitioner investor applying to wind up dedicated fund — Whether court’s power to wind up “unregistered company” limited to “any association and any company” — Whether characteristics of dedicated fund bringing it within either category — Insolvency Act 1986 (c 45), ss 220(1), 221

[2024] EWHC 2845 (Ch); [2025] Bus LR 1214; [2024] WLR(D) 519, Ch D

COMPANY — Winding up — Unregistered company — Umbrella fund company consisting of multiple dedicated funds each with its own pool of assets — Petitioner investor petitioning to wind up dedicated fund — Whether fund “unregistered company” capable of being wound up — Insolvency Act 1986 (c 45), ss 220, 221(1)

[2025] EWCA Civ 1137; [2025] Bus LR 2823; [2025] WLR(D) 452, CA

Appellate History