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Pavel Durov Closes UK-Based mostly Firm Telegram Messenger LLP

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Russian-born entrepreneur Pavel Durov is liquidating Telegram Messenger LLP, the Britain-based firm behind the favored messaging service Telegram. The identical entity is registered because the messenger’s operator within the Russian Federation, the place Telegram is at the moment banned.

Additionally learn: 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

Software for Voluntary Strike Off Filed within the UK

The applying to strike the restricted legal responsibility partnership off the U.Okay. register was signed by Pavel Durov on Dec. 19, 2018 and filed a few week in the past, Russian media stories. The First Gazette discover for the voluntary strike off is at the moment being processed and might be issued on Jan. 15, 2019, the Corporations Home web site reveals.

Pavel Durov Closes UK-Based Company Telegram Messenger LLPTelegram Messenger LLP was established in February 2014 by two firms – Dogged Labs Ltd. (British Virgin Islands) and Telegraph Inc. (Belize). In Might 2018, nonetheless, Dogged Labs was substituted for Telegram Messenger Inc., which can be registered within the British Virgin Islands.

Durov has beforehand recognized Telegram Messenger LLP as the primary entity behind the messaging app, though he has by no means revealed the precise authorized construction of his company group. In response to RBC, the identical firm has been added to the Russian register of platforms “disseminating info on the Web” in July 2017.

By regulation, these operators – messengers, electronic mail suppliers, and different platforms facilitating the web change of messages – are obliged to share details about their actions with the nation’s telecom operator, Roskomnadzor, and knowledge permitting the decryption of customers’ correspondence with the Federal Safety Service (FSB). They’re additionally anticipated to maintain information in Russia of all voice, video and textual content messages for as much as one yr. Failure to adjust to these necessities could result in the blocking of their companies within the Russian Federation.

The makes an attempt to dam Telegram in Russia began when its operator refused at hand over its encryption keys to the FSB. In April final yr, the Tagansky District Court docket in Moscow imposed a ban on the messaging service following a request from Roskomnadzor. In June, the Moscow Metropolis Court docket rejected an enchantment in opposition to the choice filed by Telegram Messenger LLP.

Potential Causes for the Firm’s Liquidation

Pavel Durov Closes UK-Based Company Telegram Messenger LLPTelegram and its numerous functions are registered by a number of completely different firms together with Telegram Messenger LLP, Telegram LLC, and Telegram FZ-LLC. Collectively together with his brother Nikolai, Pavel Durov additionally owns Telegram Group Inc. and TON Issuer Inc. RBC claims Durov didn’t reply to its questions concerning the closure of Telegram Messenger LLP. Nevertheless, the information company quoted Pavel Chikov, head of the human rights group Agora representing Telegram in Russian courts, who stated the transfer was not related to the blockade.

In response to different authorized specialists quoted within the article, the liquidation of the corporate, which is registered with Roskomnadzor because the operator of Telegram, won’t change the standing of the messenger in Russia. Alexander Pohomov, accomplice at Legislation and Enterprise, stated the creation of one other firm is unnecessary as a brand new entity could be obliged to satisfy the identical necessities as the present one. Pohomov believes that the choice is a part of а elementary restructuring of Durov’s enterprise that features a quantity initiatives beside Telegram.

Pavel Durov Closes UK-Based Company Telegram Messenger LLPOne in every of these initiatives is the Telegram Open Community (TON) which is geared toward offering Telegram customers with a digital funds system. All of them, round 200 million globally, will get a TON pockets and the platform’s builders hope to make its native coin, the Gram, the “world’s most adopted cryptocurrency.” An ICO to finance the venture was canceled final yr after Telegram reportedly raised $1.7 billion from personal traders. In response to the publication, TON builders plan to launch the platform by the top of 2019.

Different causes for the reorganization could embody not too long ago launched adjustments within the laws of the British Virgin Islands, the place one of many companions in Telegram Messenger LLP is registered, or the upcoming Brexit. Numerous companies targeted on the EU market have been getting ready to depart the UK and based on Yuri Borisov from Authorized and Monetary Artistic Options, the voluntary strike off is a “painless” technique to terminate an organization’s presence in Britain.

What are your ideas concerning the liquidation of the corporate that operates Telegram? Inform us within the feedback part beneath.

Pictures courtesy of Shutterstock.

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