To creditors of Landsbanki Islands hf.:
On these pages, you will find information about Landsbanki Islands hf., and in particular, information for the benefit of creditors of Landsbanki Islands hf..
We understand your concerns as creditors. As stewards of Landsbanki Islands hf., we are looking out for your interests.
Our mandate is to maximize the value of the assets remaining in Landsbanki Islands hf. for the benefit of all stakeholders.
A process for payments to creditors has yet to be established. However, we can assure you that our objective is that once a payment process is put into place, it will treat all creditors equitably according to their claims and in accordance with applicable law.
In the meantime, we will continue to take whatever practical steps we can to protect and maximize the value of Landsbanki Islands hf. assets.
Please refer to these pages for the background and details to the Icelandic State action, what this means to you as a creditor, steps that are being taken and the proposed actions to be taken going forward in relation to Landsbanki Islands hf.. As we will be updating this site as the situation evolves, we ask you to check it frequently.
These are unprecedented times. The global financial system has been under severe stress for well over a year now, as the deleveraging process behind the credit crisis continues. The Icelandic banking system was one of the victims of the ensuing crisis of confidence and liquidity evaporation.
We ask for you patience and understanding in this process ahead.
We are doing our utmost to provide you with information as and when it becomes available.
- The Resolution Committee