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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.

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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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