United Kingdom

Details

  • Service: Advisory, Transactions & Restructuring
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 28/11/2011

MF Global UK - Creditors and clients: claims process, letters, updates and FAQs 

Letters and information for creditors and clients

Client and creditor claims process

An overview of the client and creditor claims process and the claim forms are available below:

 

     

    Submission of creditor claim forms and Notice of Intended Dividend

     

    ‪In the Special Administrators' Notice of Intended Dividend 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. A copy of this notice can be found here. 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.

While every reasonable effort is made to ensure that the information provided on the pages of this website concerning MF Global UK Limited (in Special Administration) and its Joint Special Administrators, MF Global Overseas Limited (in Administration), MF Global UK Services Limited (in Administration) and MF Global Finance Europe Limited (in Administration) and their respective administrators  (together the "MFG UK Estate") is accurate, no guarantees for the currency or accuracy of the website or information therein are made. The pages of this website concerning the MFG UK Estate and related material (or third party information), is provided ‘as is’. It is provided without any representation or endorsement made and without warranty of any kind, whether express or implied.
 
Please be aware that the MFG UK Estate and KPMG LLP, hereby exclude all liability for any claim, loss, demands or damages of any kind whatsoever (whether such claims, loss, demands or damages were foreseeable, known or otherwise) arising out of or in connection with the use of this website or the information, content or materials included on this website, including without limitation, indirect or consequential loss or damage, loss of actual or anticipated profits, loss of revenue, loss of business, loss of opportunity, loss of anticipated savings, loss of goodwill or loss of reputation. Nothing in this disclaimer excludes or limits the Joint Special Administrators', the Joint Administrators' or MFG UK Estate's liability for fraud or fraudulent misrepresentation or any liability which may not be limited or excluded by law.
 
The use of this website and any dispute or claim arising out of or in connection with this website (including non-contractual disputes or claims) is governed by English law and you irrevocably submit to the exclusive jurisdiction of the English courts.
 

MF Global UK special administration

Contact information

For all non-press enquiries on MF Global UK Limited please email the following:

 

Claim queries 

mfglobalclaims@kpmg.co.uk