Special administration—distribution order
Produced in partnership with Charlotte Møller of Brown Rudnick LLP

The following Restructuring & Insolvency precedent produced in partnership with Charlotte Møller of Brown Rudnick LLP provides comprehensive and up to date legal information covering:

  • Special administration—distribution order

Special administration—distribution order

Court Reference No:[ INSERT COURT REF. NUMBER]

[IN THE HIGH COURT OF JUSTICE

BUSINESS AND PROPERTY COURTS [OF ENGLAND AND WALES] [IN [INSERT LOCATION]]

[ INSOLVENCY AND COMPANIES LIST (ChD)]

OR

[IN THE COUNTY COURT AT [INSERT LOCATION]]

[BUSINESS AND PROPERTY COURTS LIST]

OR

[ IN THE HIGH COURT OF JUSTICE

[CHANCERY DIVISION

[INSERT LOCATION] [ DISTRICT REGISTRY]

THE HONOURABLE [INSERT TITLE, EG MR] JUSTICE [INSERT NAME]

[Insert date]

IN THE MATTER OF [INSERT Investment Bank NAME]

AND

IN THE MATTER OF THE INSOLVENCY ACT 1986

AND

IN THE MATTER OF THE INVESTMENT BANK SPECIAL ADMINISTRATION REGULATIONS 2011

ORDER

UPON THE APPLICATION dated [insert the date of the application] of: (1) [insert Investment Bank name] (in special administration) (“the Investment Bank”) as trustee of the Client Money Trust as defined below and (2) the joint special administrators of the Investment Bank whose registered office is situated at [insert registered office address] made pursuant to rule 146(2) of the Investment Bank Special Administration (England and Wales) Rules 2011

AND UPON HEARING [insert title, eg leading] counsel for the joint special administrators

AND UPON READING the application and the evidence

IT IS ORDERED AND DIRECTED THAT:

    1. 1

      The definitions in Regulation 2 of the Investment Bank Special Administration Regulations 2011 and as amended by the Investment Bank (Amendment of Definition) and Special Administration (Amendment) Regulations 2017, SI 2017/443 apply to this Distribution Order, together with the following additional definitions:

      Agreed Client Money Claim(s)

      1. means an amount agreed

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