Submission of creditor claim forms and Notice of Intended Dividend
In the Special Administrators' Notice of Intended Dividend (PDF 415.8 KB) issued Pursuant to Rule 175 of the Investment Bank Special Administration (England and Wales) Rules 2011, the Special Administrators requested proof of debts for creditors to be lodged at any point up to and including 30 April 2012.
Creditors should note that their claim in the special administration of MF Global UK Limited (MFG UK) is not prejudiced if their claim form is not received by this date: any claim form received after this date, subject to any bar date which the Courts may later determine, will also be considered by the Special Administrators.
For the avoidance of doubt if you have submitted a client claim form to the Special Administrators and you have ticked the box on the form to allow the claim to be treated as a claim for distribution purposes, and the claim is subsequently determined to be a creditor claim, the Special Administrators will regard your client claim form as your formal proof of debt for your creditor claim in the special administration of MFG UK. There is no need to submit a separate creditor claim form.
You should note that in the circumstances outlined above, the Special Administrators will regard the date on which your client claim form was received to also be the date on which your creditor claim form was received. For example, if you submitted a client claim form on 20 March and it was subsequently determined on the 10th May to be a creditor claim, the Special Administrators will consider the date on which your creditor claim form was filed to be 20 March.
MF Global UK special administration
For the latest updates from the special administrators of MF Global UK Limited please visit our dedicated page.
For all non-press enquiries on MF Global UK Limited please email the following:
Claim queries: email@example.com
© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.