In the Matter of SVS Securities PLC (in Special Administration)
The administrators have complied with the court-approved distribution plan, all client assets and money have been returned, no further claims exist, and it is just and appropriate to grant the relief sought, including discharge and dissolution.
- Parties
- Applicant: SVS Securities Plc (in Special Administration)
- Jurisdiction
- England and Wales
- Judgment Date
- 16 March 2023
- Procedural Posture
- Insolvency/special Administration / Final Application for Exit Relief and Discharge of Administrators
- Outcome
- Application granted
- Legal Topics
- Special Administration, Distribution of Client Assets, Discharge of Administrators, Dissolution of Company
Case Brief
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Parties
SVS Securities Plc (in Special Administration)
Applicant
Procedural Posture
Insolvency/special Administration / Final Application for Exit Relief and Discharge of Administrators
Legal Issues
- 1 Whether the special administrators should be discharged and the special administration terminated
- 2 Whether SVS Securities Plc should be dissolved
- 3 Whether all client assets and money have been properly distributed
Ratio Decidendi
The administrators have complied with the court-approved distribution plan, all client assets and money have been returned, no further claims exist, and it is just and appropriate to grant the relief sought, including discharge and dissolution.
Court Disposition
Application granted
Orders
- Cessation of appointment of joint special administrators
- Permission to move SVS from special administration to dissolution
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