Update from KSFIOM Liquidators 22 March 2010

Category: Newsflash

Agreement of creditors' claims

The following statistics show the current position regarding the agreement of creditors' claims: ...

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Claim against Kaupthing hf

We are continuing to press for agreement of our claim against Kaupthing hf through our lawyers in Iceland, however, there is no progress to report at present and the Winding Up Committee still maintain that they are not bound by the parental guarantee. It is becoming increasingly likely that the claim will be referred to the Court in Reykjavik for a decision. As previously noted, we will continue to pursue our claim vigorously in order to obtain the best return for creditors.

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