The Winding-up Board of Landsbanki Íslands hf. has updated the information on the estimated recovery of the bank's asset portfolio based on the status as of 31/12/2011.

Landsbanki Islands hf. confirms that the bank and Glitnir have entered into exclusive discussions with ManagerCo, a company owned by the senior management team of Iceland Foods, including Malcolm Walker, to sell their respective shareholdings in Iceland Foods.

As announced at the creditors’ meeting, on 17 November this year, those creditors wishing to submit further documentation and/or grounds for their objections can send these to the Winding-up Board no later than 15 January 2012.

The Winding-up Board of Landsbanki Íslands hf. has made the first partial payments to priority creditors in the winding-up of Landsbanki Íslands hf.

English translation of the Supreme Court judgement concerning two Dutch and five UK wholesale deposits is now available and can be found below:

A Creditors meeting of Landsbanki Íslands hf. – in winding-up proceedings, will be held on the 28. of November 2012 at 9:00 am at Icelandair Hotel Natura at Nautholsvegur 52 in Reykjavik. An agenda for the meeting and an updated version of the List of Claims has been published on the closed creditors part of the website.

The Winding-up Board of Landsbanki Islands hf. has extended the moratorium, put in place on the 17th of November 2011, on claim transfers relating to priority claims pursuant to article 112 of the bankruptcy act.

A creditors' meeting was held by the Winding-up Board and Resolution Committee of Landsbanki Íslands (LBI) today, 17 November 2011.

English translation of the Supreme Court judgement in disputes concerning the Icesave deposits in branches of Landsbanki Íslands hf. in London and Amsterdam is now available.

Verdicts have been pronounced by the Supreme Court of Iceland in seven disputes concerning so-called UK and Dutch wholesale deposits in branches of Landsbanki Íslands hf. in London and Amsterdam. The cases were selected as test cases and serve as precedents for over 200 similar disputes.

On 28 October 2011, the Supreme Court of Iceland handed down its verdict in disputes concerning the so-called Icesave deposits in branches of Landsbanki Íslands hf. in London and Amsterdam.

The Winding-up Board of Landsbanki Islands hf. has implemented a moratorium on claim transfers from 10th of November 2011 to the 21st of November 2011.

Updated information on the estimated value of the asset portfolio of Landsbanki Íslands hf. (LBI) as of 30 June 2011 were presented to the bank's creditors today.

An agreement has been made between the Resolution Committee of Landsbanki Islands hf. and the National Association of Pension Funds. Below is a News announcement from NAPF today:

Certain amendments were recently made to the Act on Financial Undertakings, No. 161/2002 (AFU), with the adoption of Act No. 78/2011 by the Althingi on 10 June this year.

As announced at the creditors’ meeting, on 19 May this year, those creditors wishing to submit further documentation and/or grounds for their objections can send these to the Winding-up Board no later than 1 July 2011.

A new claim transfer process has been implemented by the Winding-Up Board and its agent Epiq Bankruptcy Solutions, LLC effective 30 May, 2011.  Please see the updated FAQs in the Transferring of Claims section of this website for details of the new process.

A creditors' meeting was held by the Resolution Committee and Winding-up Board of Landsbanki Íslands (LBI) today, 19 May 2011.

The Resolution Committee of Landsbanki Islands hf. has engaged UBS and Bank of America Merrill Lynch (BoAML) to act as financial advisors for strategy and management of Landsbanki‘s equity position in Iceland Foods.

On 19 May 2011 a previously advertised creditors´ meeting will be held at 9:00 am at Hilton Nordica, Suðurlandsbraut 2, Reykjavík where the Winding-up Board will present its decisions on claims against the bank to the extent possible.