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16.09.2013

Creditors Meeting

On Wednesday, 2 October 2013, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hotel Reykjavik Natura, Nautholsvegi 52 in Reykjavík.

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13.09.2013

Partial payments to creditors

The Winding-up Board of LBI made its fourth partial payments to priority creditors on 12 September. The payments were in total the equivalent of 69,4 billion ISK, paid in GBP, EUR and USD which were on LBI´s foreign deposit accounts on 12 March 2012 and thus exempt from the currency restrictions as provided for in paragraph five of Article 13 n of Act No 87/1992 on Foreign Exchange, as amended by Act No 17/2012.

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30.05.2013

LBI's Financial Information in Q1 of 2013

LBI's Winding-up Board has updated details of the estimated value of LBI's asset portfolio as of 31/03/2013. Actual estimated recovery has increased QoQ by ISK 9.4bn.

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22.05.2013

Transfer Moratorium Lifted

The transfer moratorium has been lifted in advance of next week’s Creditor’s Meeting to be held on the 30th of May 2013. There has been a change to the internal procedures and the moratorium will not be in effect from 23rd of May 2013 to the 31st of May 2013.

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13.05.2013

Creditors Meeting

On Thursday, 30 May 2013, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hilton Hotel Nordica, Suðurlandsbraut 2, Reykjavík.

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03.05.2013

Transfer Moratorium

The Winding-up Board of LBI hf. (formerly Landsbanki Islands hf.) has implemented a moratorium on claim transfers from 23rd of May 2013 to the 31st of May 2013.

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13.03.2013

LBI's Financial Information in Q4 of 2012

LBI's Winding-up Board has updated details of the estimated value of LBI's asset portfolio as of 31/12/2012. Considerable success has been achieved in boosting recoveries, and the real increase in the estimated value of assets QoQ amounted to over ISK 32 billion.

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26.02.2013

Verdicts concerning voiding of payments on money market deposits

The District Court of Reykjavik has reached a verdict in two more of cases, E-4646/2011 and E-4649/2011, in which LBI had filed for approval the voiding of payments made to so-called money market deposits. According to the Decision, the voiding claim was rejected. This is the opposite conclusion to the one LBI had in the first case, E-6440/2011, where the voiding claim was approved. All these judgments will be appealed to the Supreme Court.

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11.01.2013

Landsbanki Íslands becomes LBI hf.

As of 3 January 2013, the name of Landsbanki Islands hf. has been changed and is hereafter LBI hf.

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21.12.2012

Verdict concerning voiding of payments on money market deposits

Yesterday the District Court of Reykjavik in case no. E-6440/2011 reached a verdict in the first of cases in which LBI had filed for approval the voiding of payments made to so-called money market deposits.

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06.12.2012

Announcement from LBI

The Winding-up Board of Landsbanki Íslands hf. (LBI) announces the signing with Apollo Global Management on the sale of the entire shareholdings held by Landsbanki in Aurum Holdings Limited, which trades in the UK as Mappin & Webb, Goldsmiths and Watches of Switzerland. Landsbanki Íslands hf. was a majority shareholder of the company.

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28.11.2012

Announcement from Landsbanki Íslands hf. - Creditors meeting

The Winding-up Board of Landsbanki Íslands hf. held a creditor‘s meeting today, 28 November 2012.

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12.11.2012

Transfer Moratorium

The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 21st of November 2012 to the 29th of November 2012.

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09.10.2012

Notice to creditors, Creditors meeting

The Winding-up Board announces that the next Creditors meeting of Landsbanki Islands hf. will be held on the 28. of November at 9:00 am at Icelandair Hotel Natura at Nautholsvegur 52 in Reykjavik. Please note that this is a change to the date and location of the next Creditors Meeting. It had been scheduled previously for 22 November at the Hilton Nordica.

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09.10.2012

Partial payments to creditors

The Winding-up Board of Landsbanki Islands hf. (LBI) made partial payments to priority creditors in the winding-up proceedings for the third time early in October. In this instance, total payments were equivalent to ISK 82 billion.

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17.09.2012

Announcement from Landsbanki Islands hf.

The Winding-up Board of Landsbanki Islands hf. announces the completion of the sale of the entire shareholdings held by Landsbanki in Corporal, the holding company of Hamleys, to Groupe Ludendo.

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16.07.2012

Eimskip sale

LBI has sold a 7% stake in Eimskip shares to the Pension Fund of Commerce (Lífeyrissjóður verzlunarmanna). Yucaipa, the other major owner of Eimskip, has also sold a 7% stake to the Pension Fund. After this sale, LBI's ownership share is reduced to 30.3%.

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13.06.2012

U.S. ATOP events to be terminated

The Winding-up Board of Landsbanki Íslands hf. (“WUB”) instituted a claim filing process in 2009. For the holders of Landsbanki bonds, this included the blocking of a holder’s bonds and the filing of a claim directly with the WUB. Claimants were required to have their positions blocked as an integral part of the claims filing process, in order to prove ownership.

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31.05.2012

Announcement from Landsbanki Íslands hf. - Creditors Meeting

The Winding-up Board of Landsbanki Íslands hf. held a creditors' meeting today, 31 May 2012.

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25.05.2012

Creditors Meeting

On Thursday, 31 May 2012, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of Landsbanki Íslands hf., at Hilton Hotel Nordica, Suðurlandsbraut 2, Reykjavík.

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