Notice on the upcoming creditors´ meeting
On 1 December 2010 a previously advertised creditors´ meeting will be held at 9:00 am at Hilton Nordica, Suðurlandsbraut 2, Reykjavík where the Winding-up Board plans to continue to present its decisions on claims lodged with priority according to Articles 109-112 of the Act on Bankruptcy etc., as well as presenting its decisions on general claims against the bank to the extent possible. Furthermore, the Winding-up Board plans to present its decision on claims with priority according to Articles 109-112 of the Act on Bankruptcy etc. delivered after 30 October 2009.
Prior to the meeting, on 24 November 2010 a list of all claims lodged against the bank will be made available to creditors at the following URL:http://lbi.is/creditor-information/Login.aspx. Access to these pages requires a user name and password. Creditors are able to continue to use their previously granted user name and password. Following the meeting, the minutes of the meeting will be published at the same web location together with various documents presented at the meeting.
The large number of claims lodged, however, has necessitated postponing a decision on certain priority claims and on general claims against the bank.
The Winding-up Board specifically draws the attention of creditors to the fact that the Winding-up Board will not send out notices of deferred decisions to creditors prior to the meeting. Claims will continue to be marked with “AF” in the Claims List where the Winding-up Board has deferred its decision on claims.
Creditors who see reason to object to a claim, concerning which a decision has been taken according to the list of claims lodged, must communicate their objection to the Winding-up Board no later than at the meeting on 1 December. If no objections are received, the decision of the Winding-up Board on the claim in question can be expected to be considered final, cf. the third paragraph of Article 120 of Act No. 21/1991, on Bankruptcy etc. Forms intended for submitting objections, available at the URL above, are to be filled out and delivered to the Winding-up Board either prior to or at the meeting.
A follow-up creditors' meeting to discuss claims lodged will be held on Thursday, 19 May 2011, at 9:00 am at Hilton Hotel Nordica, Suðurlandsbraut 2, Reykjavík. At this meeting the Winding-up Board plans to present its decisions on all priority claims concerning which a decision has not been made prior to the meeting on 1 December, as well as presenting its decisions on general claims against the bank insofar as possible. With reference to the final sentence of the first paragraph of Art. 119 of the Act on Bankruptcy etc., No. 21/1991, no decisions will be taken on subordinate claims, as referred to in Article 114 of Act No. 21/1991, on Bankruptcy etc.
The Winding-up Board of Landsbanki Íslands hf.