The New Petition Thread - No comments please, just re-writes of the petition

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
Posted: Thu, 16/10/2008 - 13:20

PETITION
We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the governments of the United Kingdom, The Isle of Man and Iceland have acted illegally, unfairly and in a discriminatory manner towards depositors in said bank in that:
1. The UK government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK government’s actions therefore prevented KSF IoM form accessing funds that were rightfully its and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.
2. The UK government has trumpeted its plans to ‘guarantee all savings’ whilst failing to truly do so. UK taxpayer funds are, rightly, being used to bail out numerous financial institutions on the mainland whilst those offshore are afforded no such favour. The result of this is that there are UK taxpayers who have contributed to the pool of funds now being used to guarantee onshore savings whilst they themselves are left to fend for themselves.
3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.
4. The UK government and the UK Inland Revenue have enforced laws to obtain records of British nationals who bank with Kaupthing Singer & Friedlander for the purpose of collecting taxes. The UK government has failed to protect the assets of the same depositors.
5. The Isle of Man government has failed to act in accordance with the governments around the world to protect the interests of depositors in the Isle of Man.
6. The Isle of Man government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.
7. The government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.
8. The government of Iceland has guaranteed 100% of all its own national depositors’ savings but has deliberately chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.

  1. It appears that the Prime Minister of Iceland, deliberately misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the same Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.

The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:

• The rash and ill advised actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.
• It is the duty of the UK government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee or interests.
• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for depositors.
We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:
1. That the UK government instructs the administrators of KSF UK to release all assets belonging to KSF IoM in order that it may seek to resume its operations.
2. That the Isle of Man government immediately reinstates KSF IoM’s banking license to enable it to resume its operations.
3. That the UK government, in conjunction with the IoM government implement the same 100% guarantee for all depositors money in KSF IoM as has been afforded to other KSF depositors.
4. That the Icelandic government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.

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PETITION - ANNOUNCE TO PRESS

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 15:43

Can we coordinate letting the press know that a petition will be delivered on MOnday in UK & IOM??

Someone was putting together a contact list....

media/tv/newspapers/reporters
MP's

in fact everyone.......Can someone assist????

malc


Petition

  • rmgodsmark
  • 19/10/08 31/05/09
  • a depositor
  • Offline
  • Mon, 20/10/2008 - 17:28

Please tell me how to sign and send this petition.


NG/Diver PETITION THREAD

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 15:35

NG, Diver, is it possible to clean up the petition thread so that the first post is the petition and the second post is the instructions for signing up to it.

malc


PETITION - SIGN SIGN SIGN SIGN

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 15:15

Petition is finished, see posts on this thread.

We need EVERYONE to put their name to it. Time and Date in London is set for Monday.

We have 300+ so far............NO WHERE NEAR ENOUGH to make an impact....

Tell everyone to logon and sign up to the petition. This is our chance to tell the world....

malc


NG - HELP

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 15:04

NG, I know you probably hate me for being such pest but we need your help.

Location /time /date for delivery of petition in IOM, London on the top of the page for everyone to see

A sign up button if possible

malc


Back online

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 14:22

Back online, illness lack of sleep and the internet.....

we now have 300+ signatures. As there are in excess of 1000 members, that means a great deal haven't signed up yet.

E-petition, great idea, to be most effective we should try to use the same wording as the petition already agreed. That way we're not diverting effort trying to re-invent the wheel.

sleeplessnight . i did respond to your question re families. should include everyone effected by the closing of the bank

malc


ANDY ISH - or others - PETITION - can this be online?

  • ng
  • 11/10/08 31/12/20
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 07:25

I can make the petition into an online version .. sign name by typing it in or something - What is needed for it to be acceptable to the authorities (in your opinion) ?


Petition - NG, Diver. Expat, BBlair and All

  • Andy Ish
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 18/10/2008 - 09:30

ng I think that is a splendid idea to have an epetition on this website too as a separate tab so people do not keep posting questions how do I follow the petition. I understand the publicity angle I also think if we have an epetition on line people can sign that too. At least no one can question the legality of a few emails. We could also put pressure on the UK government to resolve the issues blocking the IMF rescue plan so that Iceland honour the guarantee! Can any one see my point or am I missing something.

If no one minds I am happy to do that and we post two sections on Petition and Epetition for this website and we follow both strands. Its also very accessible to all. I think its killing two birds with one stone.


andy thanks very much i have

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 18/10/2008 - 09:34

andy thanks very much i have to say I am leaving the epetition to those that are far better than I at using the iT tools, i just know where the on/offswitch is!!
thanks again


can i release the news that a

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 17/10/2008 - 13:58

can i release the news that a petition asking for action is on its way? The bbeb want to know


yes do it. it is being

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
  • Offline
  • Fri, 17/10/2008 - 14:00

yes do it. it is being included in the press releases going out this afternoon.


shall do

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 17/10/2008 - 14:01

shall do


done!!!!!! I will now relax

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 17/10/2008 - 14:03

done!!!!!! I will now relax and that you all so much you are bloody great


THE FINAL PETITION

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 17/10/2008 - 13:05

Thanks again to all who contributed. As with the press release this was very much a collaborative effort so we had to make judgement calls on what to edit and how to edit it. I hope you're all happy to sign up to this. Please restrict any further editing comments to typos, punctuation and spelling unless there is something really pressing. Thanks!

We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the Governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:

  1. The UK Government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration of Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK Government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its own and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.

  2. The UK Government has declared plans to ‘guarantee all savings’ whilst failing to do so in certain cases. UK taxpayer funds are being used to support numerous financial institutions on the UK mainland: however, those institutions offshore in Crown Dependencies are excluded. The result of this is that there are UK taxpayers, who have contributed to the pool of funds now being used to guarantee onshore savings, left without support from the Government they support financially through taxation.


  3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.

  4. The UK Government and Her Majesty’s Revenue & Customs have used European Union laws to obtain records of British nationals who bank offshore for the purpose of collecting taxes. It is disappointing to depositors that the UK Government has distanced itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK Government in the Isle of Man then surely they should be protected directly as well.

  5. The Isle of Man Government has failed to act in parallel with other governments around the world to protect the interests of depositors in its juristiction.

  6. The Isle of Man Government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.

  7. The Government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.

  8. The Government of Iceland has guaranteed 100% of all its own national depositors’ savings but has apparently chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.

  9. It appears that the Prime Minister of Iceland misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.

The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:

• The recent actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.

• It is the duty of the UK Government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee our interests.

• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the island’s regulators, excludes small businesses from claiming compensation, resulting in 100% losses for those depositors.

We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:

  1. That the Prime Minister confirms in a statement that UK Government is seeking the return of 100% of all deposits held within KSF IoM (even in the event that KSF IoM is wound up) and considers that to be the only satisfactory outcome.

  2. That the UK government requests the administrators of KSF UK release all assets belonging to KSF IoM in order that it may seek to resume its normal operations.

  3. That the Isle of Man Government, without undue delay, reinstates KSF IoM’s banking license to enable it to resume its normal operations.

  4. That the UK Government, in conjunction with the IoM Government, implements the same 100% guarantee for all depositors’ money in KSF IoM as has been afforded to other KSF depositors.

  5. That the Icelandic Government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.

  6. That the Icelandic Government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


petition proofreading

  • wood
  • 12/10/08 30/05/13
  • a depositor
  • Offline
  • Fri, 17/10/2008 - 13:30

Para 5 - jurisdiction


paste it

  • Captain Mainwaring
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 17/10/2008 - 13:33

Into MS word for a start.....


DIVER - petition, can this be

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
  • Offline
  • Fri, 17/10/2008 - 13:13

DIVER -
petition, can this be extended to include family members affected for increased numbers? I have asked malc but he has not responded yet.

press release - I've emailed you, please respond asap am waiting to action!! :)


Sleepless

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 17/10/2008 - 13:17

Have emailed you back at 14:02..it had an attachment to make sure spam filter hasn't taken it.

IMO all people affected should sign and that includes family memebers.


V10 FINAL (for 16/10) Petition

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 21:34

This is the last draft of the petition for today. If anyone wishes anything else to be added please email me via this website. As with the PR it appears best if one person does the editing otherwise we have version control issues. Also as with the PR if someonelse rather take over that is also fine...just let me know.

Please ignore formatting for the time being

We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the Governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:

  1. The UK Government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK Government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its own and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.

  2. The UK Government has declared plans to ‘guarantee all savings’ whilst failing to do so in certain cases. UK taxpayer funds are, rightly, being used to support numerous financial institutions on the UK mainland: however, those institutions offshore in Crown Dependencies are excluded. The result of this is that there are UK taxpayers, who have contributed to the pool of funds now being used to guarantee onshore savings, left without support from the Government they support financially through taxation.


  3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.

  4. The UK Government and Her Majesty’s Revenue & Customs have used European Union laws to obtain records of British nationals who bank offshore for the purpose of collecting taxes. It is disappointing to depositors that the UK Government has distanced itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK Government in the Isle of Man then surely they should be protected directly as well.

  5. The Isle of Man Government has failed to act in parallel with the governments around the world to protect the interests of depositors in the Isle of Man.

  6. The Isle of Man Government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.

  7. The Government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.

  8. The Government of Iceland has guaranteed 100% of all its own national depositors’ savings but has apparently chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.

  9. It appears that the Prime Minister of Iceland, misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.

The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:

• The recent actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.

• It is the duty of the UK Government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee or interests.

• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for depositors.

We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:

  1. That the Prime Minister confirms in a statement that UK Government is seeking the return of 100% of all deposits held within KSF IoM and considers that to be the only satisfactory outcome.

  2. That the UK government requests the administrators of KSF UK release all assets belonging to KSF IoM in order that it may seek to resume its normal operations.

  3. That the Isle of Man Government, without undue delay, reinstates KSF IoM’s banking license to enable it to resume its normal operations.

  4. That the UK Government, in conjunction with the IoM Government, implements the same 100% guarantee for all depositors’ money in KSF IoM as has been afforded to other KSF depositors.

  5. That the Icelandic Government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.

  6. That the Icelandic Government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


Petition V9

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 20:01

Petition V9
We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the Governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:
1. The UK Government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK Government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its own and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.
2. The UK Government has declared plans to ‘guarantee all savings’ whilst failing to do so in certain cases. UK taxpayer funds are, rightly, being used to support numerous financial institutions on the UK mainland: however, those institutions offshore in Crown Dependencies are excluded. The result of this is that there are UK taxpayers, who have contributed to the pool of funds now being used to guarantee onshore savings, left without support from the Government they support financially through taxation.

3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.
4. The UK Government and Her Majesty’s Revenue & Customs have used European Union laws to obtain records of British nationals who bank offshore for the purpose of collecting taxes. It is disappointing to depositors that the UK Government has distanced itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK Government in the Isle of Man then surely they should be protected directly as well.
5. The Isle of Man Government has failed to act in parallel with the governments around the world to protect the interests of depositors in the Isle of Man.
6. The Isle of Man Government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.
7. The Government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.
8. The Government of Iceland has guaranteed 100% of all its own national depositors’ savings but has apparently chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.
9. It appears that the Prime Minister of Iceland, misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.
The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:
• The recent actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.
• It is the duty of the UK Government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee or interests.
• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for depositors.
We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:
1. That the Prime Minister confirms in a statement that UK Government is seeking the return of 100% of all deposits held within KSF IoM and considers that to be the only satisfactory outcome.
2. That the UK government requests the administrators of KSF UK to release all assets belonging to KSF IoM in order that it may seek to resume its normal operations.
3. That the Isle of Man Government without undue delay, reinstates KSF IoM’s banking license to enable it to resume its operations.
4. That the UK Government, in conjunction with the IoM Government implements the same 100% guarantee for all depositors’ money in KSF IoM as has been afforded to other KSF depositors.
5. That the Icelandic Government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.
6. That the Icelandic Government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


Comments of Version 9 of Petition 16/10/2008 23:01 mak

  • Stuart
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 16/10/2008 - 23:29

Petition V10
We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the Governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:
1. The UK Government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration of Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK Government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its own and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.
2. The UK Government has declared plans to ‘guarantee all savings’ whilst failing to do so in certain cases. UK taxpayer funds are being used to support numerous financial institutions on the UK mainland: however, those institutions offshore in Crown Dependencies are excluded. The result of this is that there are UK taxpayers, who have contributed to the pool of funds now being used to guarantee onshore savings, left without support from the Government they support financially through taxation.

3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.
4. The UK Government and Her Majesty’s Revenue & Customs have used European Union laws to obtain records of British nationals who bank offshore for the purpose of collecting taxes. It is disappointing to depositors that the UK Government has distanced itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK Government in the Isle of Man then surely they should be protected directly as well.
5. The Isle of Man Government has failed to act in parallel with the governments around the world to protect the interests of depositors in its jurisdiction.
6. The Isle of Man Government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.
7. The Government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.
8. The Government of Iceland has guaranteed 100% of all its own national depositors’ savings but has apparently chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.
9. It appears that the Prime Minister of Iceland misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.

The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:
• The recent actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.
• It is the duty of the UK Government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee our interests.
• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for those depositors.
We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:
1. That the Prime Minister confirms in a statement that the UK Government will pursue the return of 100% of all customer deposits held by KSF IoM and considers that to be the only satisfactory outcome.
2. That the UK government requests the administrators of KSF UK to release all assets belonging to KSF IoM in order that it may seek to resume its normal operations.
3. That the Isle of Man Government without undue delay, reinstates KSF IoM’s banking license to enable it to resume its operations.
4. That the UK Government, in conjunction with the IoM Government implements the same 100% guarantee for all depositors’ money in KSF IoM as has been afforded to other KSF depositors.
5. That the Icelandic Government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.
6. That the Icelandic Government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


V9 - Please read and Sign up

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 20:08

Diver, handing over to you now if thats ok.

will sleep (3.10am).

left in demand.....

Can you see if NG can put a 'sign up button' onto the site, have asked, but no reply as yet.

In the meantime, if we can get everyone to sign up via the email address:
ksfisleofman@gmail at least we will have some names to put on the bottom of the petition.

a few thousand would be great ;-)

cheers and thanks for your help
malc


Got it

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 20:12

Thanks Malc, I'll nurse it through another few hours. Anyone wanting changes can go away :-) :-) :-)


one typo

  • kiwi38
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 16/10/2008 - 20:16

point 9, bullet 2 - "or" should be "our". Well done all


Just put it thru spell check

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 20:21

and read it myself...have caught that one and a couple of punctuation errors. I won't bother posting a nes version just yet as there may be more changes. Besides it may be me printing the thing out.


Spell checking

  • dave
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 16/10/2008 - 20:23

Small point - if you use Firefox you can have on-line spell check (while typing).


why didn't you tell me sooner

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 16/10/2008 - 20:25

why didn't you tell me sooner dave!!


V8 combined changes

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:10

Petition V8
We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the Governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:
1. The UK Government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK Government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.
2. The UK Government has declared plans to ‘guarantee all savings’ whilst failing to do so in certain cases. UK taxpayer funds are, rightly, being used to bail out numerous financial institutions on the mainland whilst those offshore are afforded no such favour. The result of this is that there are UK taxpayers who have contributed to the pool of funds now being used to guarantee onshore savings are left without support from the Government they support financially through taxation.
.
3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.
4. The UK Government and Her Majesty’s Revenue & Customs have, for a number of years, used European Union laws to obtain records of British nationals who bank offshore as well as to subject the same nationals to a withholding tax. It is galling to depositors that the same government that invokes EU legislation to suit its own ends when it comes to financial affairs in the Isle of Man is now attempting to distance itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK Government in the Isle of Man then surely they should be protected directly as well.
5. The Isle of Man Government has failed to act in parallel with the governments around the world to protect the interests of depositors in the Isle of Man.
6. The Isle of Man Government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.
7. The Government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.
8. The Government of Iceland has guaranteed 100% of all its own national depositors’ savings but has deliberately chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.
9. It appears that the Prime Minister of Iceland, misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the same Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.
The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:
• The recent actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.
• It is the duty of the UK Government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee or interests.
• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for depositors.
We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:
1. That the Prime Minister confirms in a statement that UK Government is seeking the return of 100% of all deposits held within KSF IoM and considers that to be the only satisfactory outcome.
2. That the UK government instructs the administrators of KSF UK to release all assets belonging to KSF IoM in order that it may seek to resume its operations.
3. That the Isle of Man Government without undue delay, reinstates KSF IoM’s banking license to enable it to resume its operations.
4. That the UK Government, in conjunction with the IoM Government implement the same 100% guarantee for all depositors money in KSF IoM as has been afforded to other KSF depositors.
5. That the Icelandic Government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.
6. That the Icelandic Government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


I'm basically comfortable ...

  • go mann
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:35

I'm basically comfortable ... I'm sure everyone's too tired/stressed for nit-picking.
My line is that the message is clear, and it's not overtly offensive.
Great work, folks ... sorry I haven't been of much help over the last week or so.


PLEASE STOP EDITING THE PETITION

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:06

It appears we now have version control issues over the petition so please do not edit any further. I will now amalgamate the last two versions and repost on here for people to look over. Thanks.


V8

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:11

Diver,
no problem, there was simply a single post crossover.

I've updated the latest changes with suggestions from go mann.

Check out the latest version for correctness

malc


Petition V7 - please read and sign up

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:55

Petition V7
We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:
1. The UK government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.
2. The UK government has presented its plans to ‘guarantee all savings’ whilst failing to truly do so. UK taxpayer funds are, rightly, being used to bail out numerous financial institutions on the mainland whilst those offshore are afforded no such favour. The result of this is that there are UK taxpayers who have contributed to the pool of funds now being used to guarantee onshore savings whilst they themselves are left to fend for themselves.
3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.
4. The UK government and Her Majesty’s Revenue & Customs have, for a number of years, used European Union laws to obtain records of British nationals who bank offshore as well as to subject the same nationals to a withholding tax. It is galling to depositors that the same government that invokes EU legislation to suit its own ends when it comes to financial affairs in the Isle of Man is now attempting to distance itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK government in the Isle of Man then surely they should be protected directly as well.
5. The Isle of Man government has failed to act in accordance with the governments around the world to protect the interests of depositors in the Isle of Man.
6. The Isle of Man government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.
7. The government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.
8. The government of Iceland has guaranteed 100% of all its own national depositors’ savings but has deliberately chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.
9. It appears that the Prime Minister of Iceland, deliberately misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the same Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.
The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:
• The actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.
• It is the duty of the UK government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee or interests.
• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for depositors.
We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:
1. That the Prime Minister confirms in a statement that UK Government is seeking the return of 100% of all deposits held within KSF IoM and considers that to be the only satisfactory outcome.
2. That the UK government instructs the administrators of KSF UK to release all assets belonging to KSF IoM in order that it may seek to resume its operations.
3. That the Isle of Man government immediately reinstates KSF IoM’s banking license to enable it to resume its operations.
4. That the UK government, in conjunction with the IoM government implement the same 100% guarantee for all depositors money in KSF IoM as has been afforded to other KSF depositors.
5. That the Icelandic government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.
6. That the Icelandic government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


V7 Petition

  • 1log
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 16/10/2008 - 19:04

I have read through and completely agree. What a superb effort and a crisp final (I hope!) draft.


Looks good to go to me....

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:01

barring formatting and 1 typo which we can change once everyone is happy with the wording (and I do mean everyone as this represents all of us). I guess we need to leave this up overnight so our fellow sufferers in other timezones can see it and comment on it then declare it fianl in the morning (hopefully).


I see I wasted my time.

  • go mann
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:59

I see I wasted my time.


PLEASE help rewrite it then

  • brokefirefly
  • 12/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:06

GO MANN: I read your comments and if Yes Minister is to be believed, then we really need the help of someone with experience to get the wording of this thing right......we're all so upset and sleep deprived we're not thinking straight. PLEASE take V7 and rewrite it how it should be, before we send the thing and it's too late!

thank you for anything you can do.......


With all due respect

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:04

people here are doing their best and have been working on this all day. Unfortunately it seems you edited the wrong version hence the mix-up. This can be corrected but there is no need for self pitty as your statement seems to suggest.


now the final is ready - assume await any additonal for TZ's

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:22

would everyone be agreed to have all the other versions and threads in contained deleted to tidy up, so only the final draft shows.

Don't know about the rest but for me it's getting complicated to navigate around, with all the bits of threads / topics.


Petition V8 - confirm changes ok

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:25

Diver, skintagainnow,

will go off line shortly to get some sleep, (2.30am)

Need to know that V8 is the agreed latest edit so I can hand over to you guys.
Can you confirm you've read it and agreed with the changes?

Softened it slightly in accordance with go manns suggestions.

malc


malc agreed

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:52

malc - agreed sorry didn't pick post up when it came in.

enjoy a few ZZZ''ss


Sorry, Diver, and anyone

  • go mann
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:13

Sorry, Diver, and anyone else. I shouldn't really even be trying to post

... but after literally 21 hours yesterday on my feet, fighting for a candidate in the first Election I've ever lost for someone .. then 3 hours sleep and a full day today with Tax and Builder and Poppy Appeal Dress Rehearsal for Royal Visit ...

I'm almost an OAP, you know!! CU tomorrow!


No worries

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:37

No problem Go Mann, sorry if I got a bit touchy...tired myself and I should lknow better. Have a good rest and let's stick it to these guys in the morning.


Diver did you see my post re V8

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:17

diver,

updated the petition to include go manns suggestions, but he unforunately used an earlier version. Don't worry I've grafted his suggestions into the latest version which is V8
can you confirm you've read and agreed

malc


Malc re-write

  • Diver
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:36

Hi Malc, thanks for doing the re-write. There are a few differences still but I'm not sure if they were deliberate or not. Rather than me editing them unnecessarily or us editing at the same time I've listed them below here so you can choose which ones to use.

Point 1 Line 5 we need the word 'own' after the phrase 'rightfully its'

Point 2 should probably read:

The UK Government has declared plans to ‘guarantee all savings’ whilst failing to do so in certain cases. UK taxpayer funds are, rightly, being used to support numerous financial institutions on the UK mainland: however, those institutions offshore in Crown Dependencies are excluded. The result of this is that there are UK taxpayers, who have contributed to the pool of funds now being used to guarantee onshore savings, left without support from the Government they support financially through taxation.


Point 4 should probably read: (althought I did prefer my more wordy version :-) )

The UK Government and Her Majesty’s Revenue & Customs have enforced laws to obtain records of British nationals who bank with KSF for the purpose of collecting taxes. The UK Government has, however, failed to protect the assets of the same depositors.


Point 8 line 2 - we need the word 'apparently' before the word 'chosen'

Go Mann removed the demand that the PM announces that we want all our cash back..up to you what you do here.

Also we are now 'requesting' not 'demanding'....again up to you.

Point 2 of the demands: need to replace the word 'instructs' with 'requests' and we need the phrase to read 'normal operations'.

Point 4 of the demands: 'implement' needs to be plural and 'depositors' needs an apostraphe at the end of it.

That should be it!


Malc rewrite

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 19:48

diver, will make changes and repost....

malc


V6 - latest draft (no KE IoM)

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:00

Petition V6
We the undersigned, depositors in Kaupthing Singer & Friedlander (IOM) Ltd, contend that the governments of the United Kingdom, The Isle of Man and Iceland have acted irresponsibly, unfairly and in a discriminatory manner towards depositors in said bank in that:
1. The UK government’s actions in freezing Icelandic assets in the UK directly led to the failure and subsequent administration Kaupthing Singer & Friedlander UK (KSF UK) which up to then had been a solvent and liquid entity. This entity held significant assets belonging to Kaupthing Singer & Friedlander Isle of Man (KSF IoM) in the form of an intercompany loan. The UK government’s actions therefore prevented KSF IoM from accessing funds that were rightfully its and, as a result, from discharging its obligations to depositors resulting in the bank’s license being suspended and a provisional liquidator being appointed.
2. The UK government has trumpeted its plans to ‘guarantee all savings’ whilst failing to truly do so. UK taxpayer funds are, rightly, being used to bail out numerous financial institutions on the mainland whilst those offshore are afforded no such favour. The result of this is that there are UK taxpayers who have contributed to the pool of funds now being used to guarantee onshore savings whilst they themselves are left to fend for themselves.
3. The Isle of Man is a Crown Dependency, with Her Majesty the Queen as Head of State and is part of the British Isles, yet British Citizens holding British passports, who banked with KSF IoM have been treated in a different and unfair manner to those banking with KSF UK.
4. The UK government and Her Majesty’s Revenue & Customs have, for a number of years, used European Union laws to obtain records of British nationals who bank offshore as well as to subject the same nationals to a withholding tax. It is galling to depositors that the same government that invokes EU legislation to suit its own ends when it comes to financial affairs in the Isle of Man is now attempting to distance itself from any involvement in this time of crisis. If depositors can be taxed directly by the UK government in the Isle of Man then surely they should be protected directly as well.
5. The Isle of Man government has failed to act in accordance with the governments around the world to protect the interests of depositors in the Isle of Man.
6. The Isle of Man government has failed to safeguard the Island’s reputation and credibility as a secure, safe jurisdiction for bank deposits.
7. The government of Iceland, having nationalised Kaupthing Hf, has failed in its duty to honour the parental guarantee issued by the bank to depositors in KSF IoM.
8. The government of Iceland has guaranteed 100% of all its own national depositors’ savings but has deliberately chosen to exclude depositors in overseas branches and subsidiaries of Icelandic banks including KSF IoM. This is the equivalent of placing a ranking system on all unsecured creditors which, by law, are all ranked equally. A possible result of this is that KSF IoM funds are used to fund the bail out of Iceland’s domestic banking system whilst leaving KSF IoM depositors destitute.
9. It appears that the Prime Minister of Iceland, deliberately misled depositors in Kaupthing Hf, its subsidiaries (of which KSF IoM is one) and the international press, by stating that the bank was, to his knowledge, not in difficulties. The fact that the same Prime Minister nationalised Kaupthing Hf the next day would strongly indicate otherwise.
The above points lead us, as depositors in Kaupthing Singer & Friedlander Isle of Man, to the following conclusions:
• The rash and ill advised actions of both the UK and Icelandic governments have resulted in the loss of millions of pounds to depositors in KSF IoM.
• It is the duty of the UK government as both catalyst for our losses and as the government responsible for the foreign affairs of the Isle of Man to protect and guarantee or interests.
• The Isle of Man Depositors Compensation Scheme is discriminatory as it, according to the islands regulators, excludes small businesses from claiming compensation, resulting in 100% losses for depositors.
We, the undersigned depositors in Kaupthing Singer & Friedlander Isle of Man, therefore demand the following:
1. That the Prime Minister confirms in a statement that UK Government is seeking the return of 100% of all deposits held within KSF IoM and considers that to be the only satisfactory outcome.
2. That the UK government instructs the administrators of KSF UK to release all assets belonging to KSF IoM in order that it may seek to resume its operations.
3. That the Isle of Man government immediately reinstates KSF IoM’s banking license to enable it to resume its operations.
4. That the UK government, in conjunction with the IoM government implement the same 100% guarantee for all depositors money in KSF IoM as has been afforded to other KSF depositors.
5. That the Icelandic government, as primary stakeholder and controller of Kaupthing Hf, acknowledges its duty to honour the parental guarantee given by Kaupthing Hf to all KSF IoM depositors.
6. That the Icelandic government ensures that any entity taking control of Kaupthing Hf or any new entity arising out of the assets of Kaupthing Hf is required to honour the original guarantee given to depositors of KSF IoM by Kaupthing Hf.


ok why is KE out ???

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:04

Ok why is KE IoM removed


KE IoM

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:08

skintagainnow

it seems that KE IoM is a brand name rather than a company. Having checked the website it does only refer to KSF not KE in the notice to investors..

Can someone confirm that this is indeed the case (don't worry kept a copy of your changes)??

malc


Everything I have is from Kaupthing Edge IoM

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:12

eveything on mine states Kaupthing Edge IoM -- covering all bases yes / no does KSF IoM cover the whole IoM :-) 200K I donj't to miss for the a word


KE IoM

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 16/10/2008 - 18:13

skintagainnow

You do have a point, putting it in covers all bases. Can we just do a double check??

malc