SWS Holdings & Anor, Re

SWS Holdings & Anor, Re

The court is satisfied that the proposed creditor classes for both schemes are properly constituted, that there are no jurisdictional roadblocks, that adequate notice has been given, and that the explanatory statements are sufficient. Therefore, it is appropriate to convene meetings of creditors to consider and, if...

Source-derived case information.

Parties
Applicant: SWS Holdings Limited; Applicant: Greensands Financing plc (MidCo Scheme Company); Respondent: PP Noteholders; Creditor: Commonwealth Bank of Australia (CBA)
Jurisdiction
England and Wales
Judgment Date
09 October 2025
Procedural Posture
Scheme of Arrangement (convening Order) / Convening Hearing for Creditor Meetings Under Part 26 Companies Act 2006
Outcome
Application granted
Legal Topics
Schemes of Arrangement, Class Constitution, Jurisdiction Under Companies Act 2006, Creditor Meetings, Debt Restructuring
Insolvency Company Law Schemes of Arrangement Class Constitution Jurisdiction Under Companies Act 2006 Creditor Meetings Debt Restructuring

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 5 Authorities cited 15 Party arguments 2 Amounts and remedies 5
Sign in to unlock

Parties

SWS Holdings Limited

Applicant

Greensands Financing plc (MidCo Scheme Company)

Applicant

PP Noteholders

Respondent

Commonwealth Bank of Australia (CBA)

Creditor

Procedural Posture

Scheme of Arrangement (convening Order) / Convening Hearing for Creditor Meetings Under Part 26 Companies Act 2006

Legal Issues

  1. 1 Whether to convene meetings of creditors for proposed schemes of arrangement under Part 26 Companies Act 2006 for SWS Holdings Limited and Greensands Financing plc; Whether the proposed creditor classes are properly constituted; Whether there are jurisdictional roadblocks to the schemes; Whether adequate notice has been given to creditors; Whether the explanatory statements are sufficient

Ratio Decidendi

The court is satisfied that the proposed creditor classes for both schemes are properly constituted, that there are no jurisdictional roadblocks, that adequate notice has been given, and that the explanatory statements are sufficient. Therefore, it is appropriate to convene meetings of creditors to consider and, if thought fit, approve the schemes of arrangement.

Court Disposition

Application granted

Orders

  • Meetings of creditors to consider the SWS Scheme and the MidCo Scheme are to be convened as proposed.
  • Directions made regarding notice, evidence, and case management for any objections, particularly from CBA.