On 25 May 2009, in accordance with a request from Kaupthing Bank's Resolution Committee, the District Court of Reykjavik 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, Bank's Moratorium Supervisor
• David B. Gislason, attorney to the District Court
• Feldis L. Oskarsdottir, attorney to the District Court

The appointment of the Winding-up Committee has allowed the formal process of filing claims to begin, while Kaupthing's Resolution Committee continues to perform its role of safeguarding the Bank's assets in order to ensure that as much as possible is received for claims.

The Winding-up Committee is authorised to administer the formal process of filing claims. The Committee did invite creditors of Kaupthing bank hf. to submit their claims in writing within six months of the first publication of a formal notice in the Icelandic Legal Gazette (Lögbirtingablaðið) on 30 June 2009. Accordingly the last day to submit claims was 30 December 2009.

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.