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MF Global UK Ltd – CVA Supervisors’ update to creditors

MF Global UK Ltd – Creditor Update

CVA Supervisors’ update to creditors.

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We are pleased to confirm that the Challenge Period has now ended and that no challenge has been served on the Company by any creditor.

Shortly before the Final Claims Date, new claims, which may be material, were received from a claimant by the Supervisors. The Supervisors are currently, along with their legal advisors, reviewing the claimant’s proofs in order to ascertain the legal merits of the underlying claims. Where appropriate, discussions are being held with or further information is being requested from the claimant so that the Supervisors can determine the appropriate next steps to take. The Supervisors will revert with an update when a decision has been taken as to the declaration of the Implementation Date.

© 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.

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