The Winding-up Board of Landsbanki Islands hf. has decided to temporarily lift the moratorium on the transfer of claims relating to priority claims pursuant to article 112 of the bankruptcy act.
An agreement to purchase Actavis by pharmaceutical company Watson Pharmaceuticals was signed in New York, USA, today.
The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 14th of May 2012 to the 1st of June 2012.
As a response to requests from creditors that have blocked positions in order to file a claim with the estate, the Winding-up Board of Landsbanki Íslands hf., has implemented a realignment process. If creditors wish to move their blocked positions they should contact our agent at Epiq Bankruptcy Solutions, LLC, via e-mail to email@example.com.
Further to its announcement on 15 February 2012, Landsbanki announces the completion of the sale of the entire shareholdings held by Landsbanki and Glitnir hf (together with Landsbanki, the "Sellers") in Iceland Foods Group Limited ("Iceland Foods") to Oswestry Acquico Limited, a company owned by members of the senior management team of Iceland Foods, including Malcolm Walker, and other equity investors (the "Transaction").
The Winding-up Board of Landsbanki Íslands hf. has updated the information on the estimated recovery of the bank's asset portfolio based on the status as of 31/12/2011.
Landsbanki Islands hf. confirms that the bank and Glitnir have entered into exclusive discussions with ManagerCo, a company owned by the senior management team of Iceland Foods, including Malcolm Walker, to sell their respective shareholdings in Iceland Foods.
As announced at the creditors’ meeting, on 17 November this year, those creditors wishing to submit further documentation and/or grounds for their objections can send these to the Winding-up Board no later than 15 January 2012.
The Winding-up Board of Landsbanki Íslands hf. has made the first partial payments to priority creditors in the winding-up of Landsbanki Íslands hf.
English translation of the Supreme Court judgement concerning two Dutch and five UK wholesale deposits is now available and can be found below:
A Creditors meeting of Landsbanki Íslands hf. – in winding-up proceedings, will be held on the 28. of November 2012 at 9:00 am at Icelandair Hotel Natura at Nautholsvegur 52 in Reykjavik. An agenda for the meeting and an updated version of the List of Claims has been published on the closed creditors part of the website.
The Winding-up Board of Landsbanki Islands hf. has extended the moratorium, put in place on the 17th of November 2011, on claim transfers relating to priority claims pursuant to article 112 of the bankruptcy act.
A creditors' meeting was held by the Winding-up Board and Resolution Committee of Landsbanki Íslands (LBI) today, 17 November 2011.
English translation of the Supreme Court judgement in disputes concerning the Icesave deposits in branches of Landsbanki Íslands hf. in London and Amsterdam is now available.
Verdicts have been pronounced by the Supreme Court of Iceland in seven disputes concerning so-called UK and Dutch wholesale deposits in branches of Landsbanki Íslands hf. in London and Amsterdam. The cases were selected as test cases and serve as precedents for over 200 similar disputes.
On 28 October 2011, the Supreme Court of Iceland handed down its verdict in disputes concerning the so-called Icesave deposits in branches of Landsbanki Íslands hf. in London and Amsterdam.
The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 10th of November 2011 to the 21st of November 2011.
Updated information on the estimated value of the asset portfolio of Landsbanki Íslands hf. (LBI) as of 30 June 2011 were presented to the bank's creditors today.
An agreement has been made between the Resolution Committee of Landsbanki Islands hf. and the National Association of Pension Funds. Below is a News announcement from NAPF today:
Certain amendments were recently made to the Act on Financial Undertakings, No. 161/2002 (AFU), with the adoption of Act No. 78/2011 by the Althingi on 10 June this year.