In re MF Global Australia Ltd (in liq) (No 2) [2012] NSWSC 1426

INSOLVENCY - Winding up - liquidation of Australian arm of global financial services provider with funds under management of approx. $380 million - costs relating to application for directions in relation to matters arising under winding up - Whether remuneration and expenses incurred by liquidators in respect of administration and liquidation should be paid solely from company's beneficial assets or from client segregated accounts and recoveries against counterparties - Whether liquidators' costs and expenses in relation to proceedings should be paid from company's beneficial assets or from client segregated accounts and recoveries against counterparties.

Civil Procedure Act 2005 (NSW) s 98 - Corporations Act 2001 (Cth) Pt 7.8 Div 2 Subdiv A, ss 479(3)51113351335(2) - Corporations Regulations 2001 (Cth) - Supreme Court Act 1970 (NSW) - Trustee Act 1925 (NSW) ss 639395 - Uniform Civil Procedure Rules 2005 (NSW) rr 42, 42.25

Acted for clients of MF Global Australia Ltd, leading Trent Glover, instructed by Arnold Bloch Liebler.