KSFIOM Liquidators update 25 May 11: PG appeal heard
KSFUK
The Administrators have today paid a sixth dividend of 5p in the pound, which means that we will shortly receive a payment from them of approximately £12.3 million.
Parental Guarantee claim
A hearing took place in the Icelandic Supreme Court on 24 May 2011 to consider our appeal in the case concerning the validity of the parental guarantee.Read more: KSFIOM Liquidators update 25 May 11: PG appeal heard
KSF-UK (E&Y) 25 May 11: 6th dividend
Tha administrators of KSF-UK have announced a sixth dividend of 5p in the £ to be paid to unsecured creditors on 25 May 2011.
Note to KSFIOM depositors: the dividend due to KSFIOM will be available for inclusion in our next dividend expected later this year.
KSFIOM Liquidators update 11 May 2011: CoI minutes & position at 30 April
Now available on the KSFIOM website:
1) cash balances held and the loan book position at 30 April 2011;
2) minutes of the Committee of Inspection meeting held on 29 March 2011.
KSF-UK (E&Y): Administrator's Progress Report April 2011
Read more: KSF-UK (E&Y): Administrator's Progress Report April 2011
KSFIOM Liquidators 08 April 11: position at 31 March 2011
Summaries of cash balances held and the loan book position at 31 March 2011 are available on the KSFIOM website.
During March 2011, three facilities were redeemed in full and four in part realising £5.6 million overall.....