On 1 November 2012, the High Court gave judgment in favour of the Special Administrators (“SAs”) of MF Global UK Ltd (“MFGUK”), in relation to a claim by MF Global Inc (“MFGI”) arising from certain repo-to-maturity transactions (the “RTM Application”). These transactions concerned the repo of European debt securities by MFGI to MFGUK, which were governed by a Global Master Repurchase Agreement (“GMRA”).
United Kingdom, Insolvency & Restructuring, Litigation, Davenport Lyons, Liquidation, Default (finance), Liquidator (law)
This update highlights developments in the administration of MF Global UK (“MFG”) since our last alert dated 15 June 2012.
Estimated outcomes