Re MF Global UK Ltd [2013] EWHC 1655 (Ch)
Wills & Trusts Law Reports | September 2013 #132MF Global UK (MFG UK) went into administration and, as a result, all client funds were pooled and needed to be rateably returned to MFG UK’s clients. This had to be done in a timely fashion. There were a significant number of client claims which the administrators had rejected either in full or partially. There were also likely to be a significant number of clients whose details did not appear among MFG UK’s records but who would also have a valid claim. These difficulties meant that any distributions from the pooled trust monies could result in an over-distribution and the a...