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MF Global CVA terminated following “game changer” Deutsche Bank claim

By Benjamin Clarke

12 June 2018

MF Global CVA terminated following “game changer” Deutsche Bank claim iStock.com/IR_Stone

An English appeal court has ordered the termination of a Company Voluntary Arrangement setting out payment terms for the creditors of a UK subsidiary of collapsed broker MF Global, after the emergence of an “unknown unknown” €126 million indemnity claim from Deutsche Bank.