SVS Securities - shut down?

RasputinB

johnburman said:

HAS ANYBODY GONE DOWN THE COUNTY COURT ROUTE

I don't think it worthwhile even thinking about court action at this stage unless you still haven't received your shares / cash. But it might be useful to look back at what others did.

https://forums.moneysavingexpert.com/discussion/comment/77733576/#Comment_77733576

https://forums.moneysavingexpert.com/discussion/comment/77751668/#Comment_77751668

johnburman

Why not sue in the small claims court,? 

RasputinB

johnburman said:

Why not sue in the small claims court,? 

Make a court claim for money - GOV.UK (www.gov.uk) says "You can apply to a county court to claim money you’re owed by a person or business" 
That suggests to me (as I think esbanker has explained) that unless ITI still owe you money (or shares) the court won't help you.
However, Form N1: Make a claim against a person or organisation (Claim form CPR Part 7) - GOV.UK (www.gov.uk) suggests that you can make a claim against a person or organisation to settle a dispute.

masonic

My understanding is that you can make a claim for damages resulting from a poor service, but the bar and burden of proof would be set higher than going via FOS. It's not clear that the direct court route would be quicker either, given the massive backlog due to Covid. They do encourage claimants to make use of alternative dispute resolution services first, though it's not a requirement.

RasputinB

I am warming to the idea of court action and will start researching how it might work in practice and if I have a choice of jurisdiction. It is a shame that Jamesram is no longer around as he not only had good legal knowledge but got things done.
Thanks for the heads up johnburman and for your comments masonic (I have proof of poor service and more).

johnburman

The small claims court is for small damages... Your claim is for breach of contract as discussed. You will have to prove your claim of course. I think iti will want to settle with you but one can't guarantee that at least in the early part of the claim 

eskbanker

IanManc said:
There is no such thing as "The small clams court"

Where do little shellfish go to get justice then?

johnburman

Is is the SMALL CLAIMS TRACK in the County Court. To be pedantic and strictly correct. 

I love the shellfish comment. I still feel 'gutted' how I've been treated by ITI 

johnburman

At least we are agreed that it is the small clams track

johnburman

claims

sorry shellfish