SVS Securities PLC’s Special Administration

Ashurst advised the joint special administrators Julien Irving, Andrew Poxon and Alex Cadwallader of SVS Securities PLC, Leonard Curtis.

SVS Securities PLC was a regulated financial services broker, which held significant amounts of client money and client assets, and which entered special administration on Monday 5 August 2019, following intervention by the FCA.

It is only the seventeenth company to enter the bespoke ‘investment bank special administration’ procedure since it was created in 2011 and this is the most significant in scale since Beaufort Securities Limited, which collapsed into the same process in 2018.

The Ashurst team was led by restructuring and insolvency partner Drew Sainsbury (Picture), dispute resolution partners Lynn Dunne and David Capps and financial regulatory partner Jake Green.

Involved fees earner: David Capps – Ashurst; Lynn Dunne – Ashurst; Jake Green – Ashurst; Drew Sainsbury – Ashurst;

Law Firms: Ashurst;

Clients: Alex Cadwallader; Andrew Poxon; Julien Irving;