INTERNET BANKING (IOM) AND KAUPTHING EDGE (IOM) ARE NO LONGER AVAILABLE.

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IMPORTANT CUSTOMER INFORMATION

Creditors Meeting and Claim Process

Scheme of Arrangement

Previous Court Orders & M Simpson Affidavit

Creditor Discussion Forums

Roadshow Presentations

Conference Calls

Useful Websites   

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UPDATES

March 2010  04 

February 2010  08  15  19

January 2010  13  21  22  26

December 2009  07  11  18  21  30

November 2009 10  25

October 2009 14

September 2009 03(i) (ii)

August 2009  20 

July 2009  01(i) (ii)  22  29  30  

June 2009  01  12  17  18  22  23  25

May 2009  15  22  27  

April 2009  02  09  17  24   

March 2009  06  13  20  27

February 2009  13  20  27

January 2009  07  16  23  30

December 2008  05  12  19

November 2008  04  05  14  27

October 2008  13  15  20  24

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13 FEBRUARY 09


This update follows my attendance at the Kaupthing hf creditors' meeting.

 

Kaupthing hf
I attended the creditors meeting in Iceland on 5 February 2009 I attach a copy of the report which was prepared for that meeting. The Resolution Committee were unable to give any indication of how much would be distributed to creditors or when. Whilst I will continue to pursue the balance owed by Kaupthing hf and will make a claim under the parental guarantee at the appropriate time, I do not expect a significant recovery. Further creditor information is available on the website www.kaupthing.com.

Kaupthing hf Creditors' Report 5 Feb 09

 

Court hearing on 19 February 2009
I continue my discussions with the Treasury regarding the proposed Scheme of Arrangement ahead of the Court hearing on 19 February. If there is a requirement for me to submit an affidavit into Court prior to 19 February, it will be made available on the website.

 

Telephone conference dial in details
Following discussions with the Depositors Action Group I have set up a fifth conference call which will take place on Monday 23 February 2009 4:00 pm GMT.

I am making the access details generally available to depositors. If you wish to listen to the call, you will need to register in advance. Please click the link to register.

https://cossprereg.btci.com/prereg/key.process?key=PYYLYQ7NK

Participation will be on a listen only basis. The facility is provided by a third party and accordingly there is a cost per head for usage. Should any party register and then not attend the liquidation will be charged.

The number of lines is limited and I would request that only those depositors who are able to make the call register as we will make the audio recording of the call available on the website for those of you who are unable to attend. Should depositors choose this route to listen, it will significantly reduce the costs. The audio recording from the previous call on 9 February 2009 has now been made available on the KSFIOM website.

 

International post
In order to mitigate the risk of fraud, depositor updates will not be sent by post to Botswana, Kenya, South Africa or Zimbabwe. I will seek to distribute updates to depositors in these countries by email or fax. However where depositors do not have access to email or fax these documents will be sent by post upon their request.

 

Contacts
As previously, the best way to make contact is to write to the bank or to email branch@kaupthing.com. If you need to telephone the bank, please use the main switchboard number +44 1624 699222.


Mike Simpson
Joint Liquidator Provisionally