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.

As announced at the creditors’ meeting, on 19 May 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 1 July 2011.

A new claim transfer process has been implemented by the Winding-Up Board and its agent Epiq Bankruptcy Solutions, LLC effective 30 May, 2011.  Please see the updated FAQs in the Transferring of Claims section of this website for details of the new process.

A creditors' meeting was held by the Resolution Committee and Winding-up Board of Landsbanki Íslands (LBI) today, 19 May 2011.

The Resolution Committee of Landsbanki Islands hf. has engaged UBS and Bank of America Merrill Lynch (BoAML) to act as financial advisors for strategy and management of Landsbanki‘s equity position in Iceland Foods.

On 19 May 2011 a previously advertised creditors´ meeting will be held at 9:00 am at Hilton Nordica, Suðurlandsbraut 2, Reykjavík where the Winding-up Board will present its decisions on claims against the bank to the extent possible.

The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 05 May 2011 to 23 May 2011.

The District Court of Reykjavik has issued rulings in proceedings relating to deposit claims lodged by the UK and Dutch deposit guarantee schemes in connection with the Icesave savings accounts which were offered in those countries.

The Landsbanki Resolution Committee notes media speculation with regards to the potential disposal of its majority stake in Iceland Foods Group Limited.

Verdicts have been issued in disputes regarding wholesale deposits of British and Dutch municipalities deposited in the London and Amsterdam branches of Landsbanki Íslands hf.

On March 23rd case pleadings before the District Court of Reykjavík in disputes regarding the claims of FSCS and DNB against Landsbanki Islands hf. for the so called Icesave deposits.

There has been considerable success in increased reclaims of the asset portfolio of Landsbanki Íslands hf. during the last quarter of 2010, for which summary figures are published today.

Landsbanki Íslands hf. (LBI) has accepted the offer from a company owned by Remmen's Stiftung von 1986 to purchase the Hotel D'Angleterre in Copenhagen. The new owners will take over operation of the hotel on 1 February this year.

The Resolution Committee and Winding-up Committee of Landsbanki Íslands (LBI) held an open creditors’ meeting today, 1 December 2010.