News Archive
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.
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.
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.
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%.
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.
Announcement from Landsbanki Íslands hf. - Creditors Meeting
The Winding-up Board of Landsbanki Íslands hf. held a creditors' meeting today, 31 May 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.
Notice on the transfer of priority claims
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.
Sale of Actavis completed
An agreement to purchase Actavis by pharmaceutical company Watson Pharmaceuticals was signed in New York, USA, today.
Transfer Moratorium
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.
Announcement from Landsbanki Islands hf.
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 landsbanki@epiqsystems.com.
Announcement from Landsbanki Islands hf.
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").
LBI's Financial Situation in Q4 2011
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.
Announcement from Landsbanki Íslands hf.
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.
Notification to claimants concerning objections to decisions on claims
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.
First partial payments in the winding-up proceedings of Landsbanki Íslands hf.
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 UK and Dutch wholesale deposits
English translation of the Supreme Court judgement concerning two Dutch and five UK wholesale deposits is now available and can be found below:
Creditors Meeting
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.
Extended Transfer Moratorium
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.
News announcement from Landsbanki Íslands hf. - Creditors meeting
A creditors' meeting was held by the Winding-up Board and Resolution Committee of Landsbanki Íslands (LBI) today, 17 November 2011.