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MF Global UK Ltd – CVA Supervisors’ update to creditors
CVA Supervisors’ update to creditors
MF Global UK Ltd brief update to statement of 24 January 2018.
We refer to our brief update statement of 24 January. We can advise that, having conducted a review of the claims referred to, one claim has been determined to be, in effect, a ‘mirror’ claim to the German Tax Authority claim, so does not, in effect, swell the gross claims against the MFGUK estate; and, based on advice received from our advisers, the other claim has been rejected in accordance with the Investment Bank Special Administration (England & Wales) Rules 2011. The Supervisors do not propose to Implement the CVA during the 21-day appeal period relating to that rejection. We will issue a further update after that time. Thank you for your patience.
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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.
