China

Statement from the Provisional Liquidators, MF Global Hong Kong Limited (in Liquidation) ("MFG-HK") and MF Global Holdings HK Limited (in Liquidation) ("MFH") 9/28/2012 

This is an update to clients and creditors following our statement on 12 September 2012.

 

Matters arising from the first meetings of contributories and creditors of MFG-HK and MFH:

 

As mentioned in the last update, the Court had reserved its judgment and adjourned the hearing on 11 September 2012 without making the orders in relation to the appointment of Liquidators, the constitution of the Committees of Inspection ('COI') and the conversion of the liquidations into Creditors' Voluntary Liquidations ('Orders').

 

Notwithstanding that the judgment has been reserved, the PLs have written to the Court inviting the Court to make Orders before delivering its judgment on the issues raised during the hearing. The Court has indicated that it expects to hand down its judgment on 3 October 2012, and we will therefore provide a further update at that time.

 

The PLs would like to inform all clients and creditors that until such time the Orders have been made by the Court; we remain as the PLs and, as no COI has been formed, we are unable to convene a COI meeting.

 

If you have any questions, please contact Ms Jasmine Lai on +852 2913 2539 or email mfglobalhk@kpmg.com with any enquires.

 

 

 

For and on behalf of MFG-HK (In Liquidation) and MFH (In Liquidation)

 

Patrick Cowley

Joint and Several Provisional Liquidator

(The Joint and Several Provisional Liquidators act as agents of MFG-HK and MFH without personal liability)