Info on subsidiaries
According to the Icelandic legislative act 125/2008, deposits to private individuals and corporates are priority claims. Whether the legislation applies to depositors depends on which entity of the Kaupthing Group they were customers with. The legislation only applies to Icelandic financial undertakings. The Resolution Committee of Kaupthing Bank anticipates that Kaupthing Bank will be able to pay back its deposits which have been defined as priority claims, made at the headquarters and in branches belonging to the headquarters.
Subsidiaries of Kaupthing Bank hf. and their branches are directly responsible for the deposits made with them. Therefore, if a depositor banked with a subsidiary of Kaupthing Bank or a branch of a subsidiary, the relevant entity should be contacted directly. The rights of depositors regarding deposits made with a subsidiary of Kaupthing Bank hf. will be determined by the law applicable to the subsidiary or the branch of the subsidiary.
Further information on Kaupthing Bank‘s subsidiaries and branches can be found in the Creditors‘ Report.
Kaupthing Singer & Friedlander Limited
Kaupthing Singer & Friedlander Limited ("KSF") is a subsidiary of Kaupthing Bank hf.
On 8 October 2008 KSF entered into Administration and ME Mills, AR Bloom, PJ Brazzill and TM Burton were appointed to act as Administrators by order of the High Court of Justice, Chancery Division, Companies Court on the application of the Financial Services Authority.
Important information for customers and creditors of KSF can be found at: http://www.kaupthingsingers.co.uk
Kaupthing Singer & Friedlander (Isle of Man) Limited
Kaupthing Singer & Friedlander (Isle of Man) Limited is a subsidiary of Kaupthing Bank hf.
At a hearing in the Isle of Man High Court on Wednesday 27 May 2009, a Winding Up Order was made placing the Company into liquidation. Michael Simpson was appointed, along with Peter Spratt, as Joint Provisional Liquidator and Joint Deemed Official Receiver at that time.
Further information can be found on the website http://www.kaupthingsingers.co.im/.
The Financial Supervision Commission has also stated that it will publish updates through its website www.fsc.gov.im as more information becomes available.
The best way to make contact is to write to KS&FIOM or to email branch@kaupthing.com.
Kaupthing Bank Luxembourg and Belgium
Kaupthing Bank Luxembourg is a subsidiary of Kaupthing Bank hf. Kaupthing Bank Belgium is a branch of Kaupthing Bank Luxembourg.
Important information for customers and creditors of Kaupthing Bank Luxembourg and its branch in Brussels can be found at: http://www.kaupthing.lu
Kaupthing Bank Luxembourg, Geneva Branch
Kaupthing Bank Geneva is a branch of Kaupthing Bank Luxembourg.
Important information for customers and creditors of Kaupthing Bank Luxembourg and its branch in Brussels can be found at: http://www.kaupthing-geneva.ch
Kaupthing Edge Germany
Kaupthing EDGE Germany is a branch of Kaupthing Bank hf.
In October, the branch was placed into administration and as in other countries where the Bank operated a branch, the Bank has been committed to repay all priority claims of depositors. The progress of this matter can be traced via published announcements and in the FAQ session on this website.