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Posted 24/09/2012 - 12:57 by Tricky Dicky

2012-09-20 22

As disclosed at Kaupthing’s Creditors’ Meeting on 31 May 2012, Kaupthing has been working in close consultation with the Informal Creditors’ Committee and their respective advisers on a potential composition proposal. Whilst good progress has been made, a number of outstanding matters, including some that are not within the Winding-up Committee’s control, are still being resolved and it will not be possible to launch a composition proposal in the third quarter of 2012, as previously targeted. Kaupthing is currently working with its advisers and the Informal Creditors’ Committee towards a launch in the fourth quarter of 2012, assuming satisfactory resolution of the outstanding issues and no new issues arising.

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Kaupthing Press Release

2008-10-28 (All day)

On 9 October 2008, the Icelandic Financial Supervisory Authority ("FME") appointed a Resolution Committee of Kaupthing Bank hf. (the "Bank"), in accordance with article 5 of legislative act 125/2008 on the Authority for Treasury Disbursements due to Unusual Financial Market Circumstances etc (the"Act")...

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