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08.12.2014

Transfer Moratorium

The Winding-up Board of LBI hf. has implemented a moratorium on 112 claim transfers from and including 8 December 2014 until further notice. Transfers of 112 claims will not be taken into account during the moratorium in order for the Winding-Up Board to prepare updated list of claims in preparation for partial payments, which are expected to take place before the end of this year. Transfers received on or before 7 December will be processed and taken into account.

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LBI hf. (formerly Landsbanki Íslands hf.) is in winding-up proceedings in accordance with Icelandic law. LBI is governed by a Winding-up Board appointed by the Icelandic Courts.

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