25.05.2009

Kaupthing Winding-up Committee appointed

In accordance with a request from Kaupthing Bank's Resolution Committee, the District Court of Reykjavik has appointed a Winding-up Committee for Kaupthing Bank in accordance with the recent amendments to the Act on Financial Undertakings. Kaupthing Bank's Winding-up Committee comprises Olafur Gardarsson, attorney to the Supreme Court, who is the Bank's Moratorium Supervisor, David B. Gislason, attorney to the District Court, and Feldis L. Oskarsdottir, attorney to the District Court.

Steinar Thor Gudgeirsson, chairman of Kaupthing Bank's Resolution Committee: "By appointing a Winding-up Committee the formal process of filing claims can begin, while Kaupthing's Resolution Committee will continue to perform its role of safeguarding the Bank's assets in order to ensure that as much as possible is received for claims. The appointment of the Winding-up Committee does not alter the fact that the Bank can try to reach composition with creditors once the deadline for filing claims has passed."

The Winding-up Committee will begin work immediately. It is authorised to determine the length of the deadline for filing claims, which may be from two to six months. The first task of the Winding-up Committee will be to provide information on the process of filing claims and to announce when creditors will be able to file claims against Kaupthing Bank. Further information on the process of filing claims will be advertised and announced on the Bank's website, www.kaupthing.com. The Winding-up Committee will receive, register and make decisions on claims. Any disputes over claims will, however, be referred to a court of law.

Go back

Date	Headline
31.08.2010	Creditors' Report - August 2010 published
18.08.2010	Moratorium of Kaupthing Bank extended until 24 November 2010
17.08.2010	Refresco acquires Soft Drinks International
12.08.2010	FIH - Q2 2010 results
09.08.2010	Material from the Creditors' Meeting on 9 August 2010
30.07.2010	Creditors' Report - July 2010 published
29.07.2010	Meeting with Kaupthing Bank's Creditors on 9 August 2010
26.07.2010	Aurora Fashions has filed financial results
15.07.2010	Creditors' Report June 2010 - Icelandic version
30.06.2010	Creditors' Report - June 2010 published
23.06.2010	Settlement of proceedings regarding Somerfield
07.06.2010	Presentation for the Creditors' Report Update Meeting available on the Bank's website
01.06.2010	Arion Bank presentation published - Update Meeting on 7 June 2010
28.05.2010	Creditors' Report - May 2010 published - Update Meeting on 7 June 2010
21.05.2010	Colin S. Smith as new Board member of Arion Bank at AGM yesterday
07.05.2010	Arion Bank has published its annual accounts for the year 2009
30.04.2010	Kaupthing Creditors' Report - April 2010
23.04.2010	Hoskuldur H. Olafsson hired as Arion Bank's Director
14.04.2010	All cases concerning Kaupthing in the Special Investigation Commission´s Report have been examined by Kaupthing's Resolution Committee
25.03.2010	Refresco raises new equity - 3i joins the shareholder group

Next »

Disclaimer: This information is for informational purposes only and shall not be made legally binding towards Kaupthing Bank hf., the Resolution Committee or the Winding-up Committee. Please note the terms of the general disclaimer governing use of this website and the information contained on the website.