Sale of Kaupthing Bank Sverige to Ålandsbanken finalized
March 27, 2009 12:42 ET | Kaupthing Bank
Reference is made to a press release from Kaupthing Bank dated 16 February 2009, regarding the sale of Kaupthing Bank Sverige AB. The transaction, between Kaupthing Sverige AB (parent company...
Kaupthing permitted to apply for judicial review
March 13, 2009 10:13 ET | Kaupthing Bank
The High Court of England has consented to Kaupthing Bank's request for permission to apply for judicial review of the legitimacy of the decision taken by the UK authorities to transfer to a third...
The Moratorium of Kaupthing Bank has been extended until 13 November 2009
February 19, 2009 10:19 ET | Kaupthing Bank
The District Court of Reykjavík today agreed to a request from the Resolution Committee of Kaupthing Bank for the extension of the moratorium on payments until 13 November 2009. Mr. Olafur...
Kaupthing Bank has secured sufficient funds to pay back the large majority of German Kaupthing EDGE deposits
February 10, 2009 07:37 ET | Kaupthing Bank
In light of the interview with Olafur Ragnar Grimsson, President of Iceland, in the Financial Times Deutschland earlier today, the Resolution Committee of Kaupthing Bank hf. would like to ...
Report and presentation from the meeting with creditors on February 5th
February 05, 2009 04:59 ET | Kaupthing Bank
In accordance with Article 13 of the Icelandic Act on Bankruptcy, etc., No. 21/1991, the Moratorium Supervisor of Kaupthing Bank hf. is obliged to convene a creditors' meeting of Kaupthing Bank hf....
Fitch Ratings will no longer provide ratings of Kaupthing
January 12, 2009 11:48 ET | Kaupthing Bank
The ratings agency Fitch Ratings has announced that it will no longer provide ratings or analytical coverage of Kaupthing and its UK subsidiary, Kaupthing Singer & Friedlander. Fitch has also...
Kaupthing seeks recognition of moratorium in the U.S.
December 02, 2008 05:40 ET | Kaupthing Bank
Kaupthing Bank hf. (the "Bank") has on 30 November 2008 filed a voluntary petition under Chapter 15 of the US Bankruptcy Code, in order to seek US recognition of the Bank's moratorium, which has...
Kaupthing Bank hf. granted a moratorium
November 24, 2008 10:11 ET | Kaupthing Bank
On 24 November 2008 the District Court of Reykjavik granted Kaupthing Bank hf. ("Kaupthing") a moratorium on payments to creditors. In the opinion of the Resolution Committee, applying for the...
Kaupthing working on resolving Kaupthing EDGE issues in Germany
November 13, 2008 12:30 ET | Kaupthing Bank
Kaupthing's Resolution Committee has in recent weeks worked on an agreement with the German government on paying deposits back to customers of Kaupthing EDGE in Germany, and it is hoped that...
Kaupthing Bank hf. requests delisting
November 13, 2008 06:54 ET | Kaupthing Bank
The resolution committee of Kaupthing Bank hf. has sent a request to the OMX Nordic Exchange in Iceland that the company's shares be removed from trading in accordance with Article 24, paragraph 2,...