MF Global Australia Limited | Meetings and reports to creditors

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Meetings and reports to creditors

MF Global Australia Limited

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The following timeline provides a summary of the major meetings and reports to creditors in compliance with the Corporations Act 2001.

  • 3 November 2011 – Administrators circular to creditors and clients
  • 11 November 2011 – First meeting of creditors
  • 22 February 2012 – Report to creditors pursuant to Section 439A of the Corporations Act 2001
  • 2 March 2012 – Second meeting of creditors

At the first meeting of creditors, creditors resolved to appoint a Committee of Creditors to represent the interests of creditors. At the second meeting of creditors, the Company was place into Liquidators and the Committee of Creditors was dissolved and replace by a Committee of Inspection.

The role of the committee is to be a representative of creditors of MFGA, to be updated on the progress of the Liquidation, to act as a sounding board for the issues specific to the Liquidation, and to vote on the Liquidators remuneration.

The Liquidators hold regular meetings with the Committee and are required to provide annual reports to all creditors on the conduct of the Liquidation.

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