High Court approves next stage for Kaupthing Scheme of Arrangement

Posted 09/04/2009 - 16:10 by conned

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Depositors' Action Group advocate John Wright called for the bank to be put into liquidation, but the Court ruled in favour of the SoA

The scheme will now be put to the vote among depositors on May 19 and after that the matter will return to the court May 27.