In re KRF Services (UK) Ltd

Subject Matter

INSOLVENCY — Administrator — Appointment — Company’s directors resigning and not replaced — Sole remaining director passing resolution to apply for administration order — Whether article requiring decisions to be made by at least two directors disapplied — Whether resolution valid — Companies (Model Articles) Regulations 2008 (SI 2008/3229), arts 7(2), 11(2)(3)

[2024] EWHC 2978 (Ch); [2025] Bus LR 202; [2024] WLR(D) 531, Ch D

SANCTIONS — Effect of designation — Civil proceedings — Person designated under sanction Regulations said to own or control company — Company applying for administration order — Whether application or grant of order breaching prohibitions on dealing in funds or economic resources owned or controlled by designated person and making funds available to designated person — Whether court to grant immediate order despite proposed administrators not having Treasury licence allowing them make and receive payments and to deal with company’s assets — Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855), regs 11, 12, 13, 15, 15, 19

[2024] EWHC 2978 (Ch); [2025] Bus LR 202; [2024] WLR(D) 531, Ch D