Iryna Gordiy v Finadvant Ltd & Anor

Iryna Gordiy v Finadvant Ltd & Anor

A stay of execution of the costs orders is refused because the undertaking by respondents' solicitors to hold any sums paid in escrow to the order of the court sufficiently protects Ms Gordiy's interests, and there is no sufficient risk of injustice to justify a stay.

Parties
Applicant: Iryna Gordiy; Respondent: Finadvant Ltd; Respondent: PNL Fintech BV
Jurisdiction
England and Wales
Judgment Date
30 March 2026
Procedural Posture
Appeal / Application to Vary or Set Aside Order Refusing Stay of Execution Pending Appeal
Outcome
Stay of execution refused; cross-application for payment into court or escrow dismissed.
Legal Topics
Stay of Execution, Costs Orders, Bankruptcy Proceedings, Abuse of Process
Civil Procedure Insolvency Company Law Stay of Execution Costs Orders Bankruptcy Proceedings Abuse of Process

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Parties

Iryna Gordiy

Applicant

Finadvant Ltd

Respondent

PNL Fintech BV

Respondent

Procedural Posture

Appeal / Application to Vary or Set Aside Order Refusing Stay of Execution Pending Appeal

Legal Issues

  1. 1 Whether to grant a stay of execution of costs orders pending appeal
  2. 2 Whether to order payment into court or escrow as a condition of appeal
  3. 3 Risk of injustice to parties if stay is granted or refused

Ratio Decidendi

A stay of execution of the costs orders is refused because the undertaking by respondents' solicitors to hold any sums paid in escrow to the order of the court sufficiently protects Ms Gordiy's interests, and there is no sufficient risk of injustice to justify a stay.

Court Disposition

Stay of execution refused; cross-application for payment into court or escrow dismissed.

Orders

  • Stay of execution of costs orders refused.
  • Cross-application for payment of £17,739 into court or escrow dismissed.