The Winding-up Board of LBI held a Creditors' Meeting today, 12 March 2014.

On Wednesday, 12 March 2014, 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.

On January 16, the Supreme Court of Iceland reached verdicts in 5 cases related to voiding actions taken by LBI hf. against four counterparties in cases nrs. 191/2013, 356/2013, 359/2013, 412/2013 and 413/2013.

The Winding-up Board of LBI hf. has updated information on the estimated value of LBI's asset portfolio as of 30/09/2013.

The European Court of Justice confirms the position of LBI hf. on the validity of winding-up proceedings during the moratorium period.

On 24 September this year, the Supreme Court of Iceland pronounced its judgement in case no. 553/2013. LBI's Winding-up Board had referred the case to the courts on the basis of Art. No. 171 of the Act on Bankruptcy etc., No. 21/1991; the case was heard as a dispute in the winding-up proceedings of LBI.

The Winding-up Board of LBI held a Creditors' Meeting today, 2 October 2013.

Tuesday, sept. 24, the Supreme Court of Iceland made a judgment in case nr. Nr. 553/2013 regarding the issue which FX rates should be applied when calculating partial payments in the winding-up of LBI, made in FX, into ISK.

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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