Impoundment of Glitnir’s assets in Norway ends
Three parties originally demanded the impoundment of Glitnir’s assets in Norway, and Norwegian courts agreed to their demand. Glitnir’s Resolution Committee requested that the demand be submitted to a court for review in a case brought before a court of first instance in Trondheim in January this year. After the court rejected the demand for impoundment, the German bank KfW appealed the decision. Other creditors withdrew their demands for impoundment and when the time came for the case to be heard by the appellate court last week, KfW also withdrew its demand for impoundment. Subsequently all impoundment of Glitnir’s assets in Norway has now been removed.
For further information contact:
Árni Tómasson, Chairman of Glitnir's Resolution Committee: +354 898 2994