A creditors meeting will be held on Thursday, 17 December 2009, at 10:00 am at Hilton Hotel Nordica, Suðurlandsbraut 2, 108 Reykjavík. Parties who have submitted claims against the bank are entitled to attend the meeting. This meeting will discuss the list of claims lodged and the decision of the Winding-Up Board insofar as it is then available. A list of claims lodged will be accessible to those who have submitted claims against the bank at least one week prior to the above-mentioned meeting at the office of the Winding Up Board of Glitnir hf. at Sóltún 26, 105 Reykjavík, Iceland.
District Court of Reykjavik ruled in favour of Glitnir's request for an extension to the Moratorium order
On 19 November 2009 the District Court of Reykjavik ruled in favour of Old Glitnir's request for an extension to the Moratorium order originally granted on 24 November 2008. The current extension period is due to end on 13 August 2010.
On 5 November 2009, Glitnir hf. (“Glitnir’) announced the potential increase in its liabilities of EUR 752 million, relating to certain transactions identified as a result of Glitnir’s ongoing claims registration process. Following the creditor meeting on 5 November 2009, the Resolution Committee engaged Deloitte hf. (“Deloitte Iceland’) to review these transactions in order to provide further information in relation to their nature and potential quantum.
Due to media accounts of the past few days of a discrepancy of over EUR 750 million, which was recently revealed in reconciliation of Glitnir's accounts and disclosed at a creditors' meeting this past week, Glitnir's Resolution Committee would like to point out the following:
At 10am on 5 November 2009, the Moratorium Appointee of Glitnir held a creditors’ meeting in Reykjavik. The meeting was convened in accordance with Article 13 of Act No. 21/1991, in advance of the hearing at District Court of Reykjavik on 13 November 2009.
Further details of the meeting, including the presentations made and updated Statement of Assets and Liabilities, can be found here.
Reykjavík, 15 October 2009. Glitnir's Resolution Committee has, on behalf of its creditors, decided to exercise the option provided for in its agreement with the Icelandic state and take over 95% of share capital in Íslandsbanki. The outcome is based on thorough due diligence carried out by Glitnir's advisors on Íslandsbanki's operations. Á íslensku
The Ministry of Finance has accepted a request from the Resolution Committee of Glitnir, on behalf of its creditors, for an extension until October 15th to arrive at a final decicion whether to acquire control of Islandsbanki. Á íslensku
A meeting with creditors of Glitnir hf. was held on 22 September 2009 at Hilton Reykjavík Nordica hotel in Reykjavík.
At the meeting, the Resolution Committee, Moratorium Appointee and other presenters updated creditors in respect of the recapitalisation of Islandsbanki hf., together with other updates for creditors.
The Moratorium Appointee and Resolution Committee of Glitnir hf. ("Glitnir") have announced that they will be holding a creditors' meeting at 9am on 22 September 2009 at Hilton Reykjavík Nordica hotel, Reykjavik, Iceland.
Glitnir's Resolution Committee and the Icelandic government have signed an agreement on settlement for assets transferred from Glitnir to Íslandsbanki after the Icelandic banks' collapse in October last year. This settlement has been concluded following a preliminary agreement announced on 20 July this year, pursuant to which the Treasury decided to provide Íslandsbanki with ISK 65 billion in additional equity on 14 August.