The Chancery Division allowed an application by the joint special administrators (the JSAs) of a company in administration (Sova). Before the administration, Sova had provided investment brokerage services to institutional and corporate clients, mostly trading in the Russian market. The JSAs sought the permission of the court to perform, and to procure Sova to perform, two transactions with another company (Dominanta). Dominanta was one of the largest unsecured creditors of Sova. The court held that, among other things, the applications were proper ones to bring before the court, and the JSAs' decision to enter the transaction had been rational and honest.