At the end of Q3 2014 cash already collected is the total equivalent of ISK 1,202bn, thereof the equivalent of ISK 716bn has already been distributed as partial payments to priority creditors (Art. 112).

On Thursday, 23 October 2014, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hotel Reykjavik Natura, Nautholsvegi 52 in Reykjavík.

Yesterday, September 30, Landsbankinn and LBI agreed to extend the deadline for completion of the extension and amendment of the Landsbankinn bonds to October 24, 2014.

The Winding-up Board of LBI hf. hereby presents the Financial Information for Q2 2014

The Winding-up Board of LBI hf. hereby presents the Financial Information for Q1 2014.

LBI hf. and Landsbankinn hf. have reached an agreement on amending the terms of bonds issued by Landsbankinn hf., following discussions requested by Landsbankinn hf.

A definitive agreement has been signed by shareholders representing about 89% of the equity of Highland Group Holdings Ltd (House of Fraser) to sell their shareholding in the company to the Chinese company Nanjing Xinjiekou Department Store Co., Ltd (Nanjing Cenbest).

The Winding-up Board of LBI held a Creditors' Meeting today, 12 March 2014.

On Wednesday, 12 March 2014, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hotel Reykjavik Natura, Nautholsvegi 52 in Reykjavík.

On January 16, the Supreme Court of Iceland reached verdicts in 5 cases related to voiding actions taken by LBI hf. against four counterparties in cases nrs. 191/2013, 356/2013, 359/2013, 412/2013 and 413/2013.

The Winding-up Board of LBI hf. has updated information on the estimated value of LBI's asset portfolio as of 30/09/2013.

The European Court of Justice confirms the position of LBI hf. on the validity of winding-up proceedings during the moratorium period.

On 24 September this year, the Supreme Court of Iceland pronounced its judgement in case no. 553/2013. LBI's Winding-up Board had referred the case to the courts on the basis of Art. No. 171 of the Act on Bankruptcy etc., No. 21/1991; the case was heard as a dispute in the winding-up proceedings of LBI.

The Winding-up Board of LBI held a Creditors' Meeting today, 2 October 2013.

Tuesday, sept. 24, the Supreme Court of Iceland made a judgment in case nr. Nr. 553/2013 regarding the issue which FX rates should be applied when calculating partial payments in the winding-up of LBI, made in FX, into ISK.

On Wednesday, 2 October 2013, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hotel Reykjavik Natura, Nautholsvegi 52 in Reykjavík.

The Winding-up Board of LBI made its fourth partial payments to priority creditors on 12 September. The payments were in total the equivalent of 69,4 billion ISK, paid in GBP, EUR and USD which were on LBI´s foreign deposit accounts on 12 March 2012 and thus exempt from the currency restrictions as provided for in paragraph five of Article 13 n of Act No 87/1992 on Foreign Exchange, as amended by Act No 17/2012.

LBI's Winding-up Board has updated details of the estimated value of LBI's asset portfolio as of 31/03/2013. Actual estimated recovery has increased QoQ by ISK 9.4bn.

The transfer moratorium has been lifted in advance of next week’s Creditor’s Meeting to be held on the 30th of May 2013. There has been a change to the internal procedures and the moratorium will not be in effect from 23rd of May 2013 to the 31st of May 2013.

On Thursday, 30 May 2013, at 9:00 am, a meeting will be held with creditors in the winding-up proceedings of LBI hf. (formerly Landsbanki Íslands hf.), Reg. No. 540291-2259, at Hilton Hotel Nordica, Suðurlandsbraut 2, Reykjavík.