2nd ICC meeting
The Resolution Committee is pleased to announce the second meeting of the ICC was held 12 December 2008.
Presentation to Informal Creditors' Committee - Reykjavík, 12 December 2008
1st ICC meeting
On 14 November 2008, the Resolution Committee held the first meeting of the Informal Creditors' Committee ("ICC").
The ICC was established in order to:
- to act as a body which can be consulted on the major strategic decisions being taken regarding the protection, maximisation and realisation of the Landsbanki Islands hf. assets; and
- to be consulted on proposals relating to Landsbanki Islands hf. aimed at making distributions to creditors of Landsbanki Islands hf. or restructuring solutions aimed at returning value to creditors of Landsbanki Islands hf.
The ICC does not have any formal powers or duties under Icelandic law and will be purely consultative in nature.
The ICC is made up of creditors and creditor's representatives of Landsbanki Islands hf. representing the interests of different classes and types of creditors.
The current members of the ICC are:
- Bingham McCutchen (London) LLP – representing certain client institutional bondholders;
- Lloyds TSB - representing syndicate loan participants
- Deutsche Bank
- Local Government Association – representing English and Welsh public authority depositors.
- Stibbe – representing Dutch local authorities depositors
Presentation to Informal Creditors’ Committee - Reykjavík, 14 November 2008
For further information regarding the ICC, including represenation and members, please contact Landsbanki Islands hf. at
.