We have previously reported that the Official Receiver retains its entitlement to ad valorem fees on the conversion of a compulsory liquidation to a creditors' voluntary winding-up (CVL).

This entitlement was challenged in the recent matter of Re MF Global Hong Kong Ltd1 in which the Court of Appeal confirmed that ad valorem fees were payable on the conversion of the compulsory liquidations of two MF Global companies to CVLs.
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