Iceland

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Tchenguiz Settles Civil Claims Against Kaupthing

Property tycoon Vincent Tchenguiz has reached a confidential settlement in his pursuit of damages from failed Icelandic bank Kaupthing, Reuters reported. London-based Tchenguiz -- one of Britain's best known real estate investors -- said trustees of ...

Daily Headline - global.abi.org - 09/19/2011 - 20:50 - 0 comments

In re Glitnir banki hf, 2011 WL 3652764 (Bankr. S.D.N.Y. Aug. 19, 2011)

Fri, 08/19/2011 (All day) Icelandic liquidation ...

Chapter 15 Case Law - abi_admin - 09/12/2011 - 17:12 - 0 comments - 1 attachment

In re Glitnir banki hf

Fri, 08/19/2011 Bankr. S.D.N.Y. Bernste ...

Chapter 15 New Filing - abi_admin - 09/01/2011 - 14:03 - 0 comments - 0 attachments

Central Banker Says Iceland 'Is Back'

After Iceland's vicious recession, the central bank has managed to stabilise the currency with capital controls, cap inflation and has gotten interest rates down to 4.25% from a peak of 18%, The Wall Street Journal reported. Now, after dipping i ...

Daily Headline - global.abi.org - 07/10/2011 - 20:49 - 0 comments

Iceland Improving, Must Beef Up Bank Oversight-OECD

Iceland's economy is on the mend after the 2008 collapse of its banking system, but the country needs to beef up regulation and oversight of financial firms further to avoid future problems, the OECD said on Tuesday, Reuters reported. Iceland plunge ...

Daily Headline - global.abi.org - 06/21/2011 - 21:14 - 0 comments

Icelanders May Reject Icesave Bill in Referendum

A majority of Icelanders will block an accord with the U.K. and the Netherlands on depositor guarantees, a Capacent Gallup poll published by RUV showed, Bloomberg reported. The poll showed 52 percent of voters will reject the bill in the April 9 referend ...

Daily Headline - global.abi.org - 04/07/2011 - 18:36 - 0 comments

Iceland Bank Probe Widens

Probes by the U.K. and Icelandic authorities into the failure Iceland's Kaupthing Bank hf have widened to include Luxembourg, The Wall Street Journal reported. Luxembourg police on Tuesday morning raided the premises of Kaupthing's former p ...

Daily Headline - global.abi.org - 03/30/2011 - 07:47 - 0 comments

V.Tchenguiz' Peverel Group In Administration

Embattled tycoon Vincent Tchenguiz's property management company, Peverel Group Ltd, has entered administration after failing to repay a loan, Reuters reported. Bank of America Merrill Lynch demanded repayment within 24 hours of a 124.6 million poun ...

Daily Headline - global.abi.org - 03/15/2011 - 09:38 - 0 comments

Icelanders Put All Saints Up For Sale

All Saints looks set to change hands after liquidators to two collapsed Icelandic banks put their stakes in the high street clothing retailer up for sale, The Telegraph reported. The liquidators of Kaupthing and Glitnir have appointed Ernst & You ...

Daily Headline - global.abi.org - 03/10/2011 - 08:34 - 0 comments

Arrests Made Over Icelandic-Bank Collapse

Authorities in the U.K. and Iceland arrested nine men, including a pair of high-profile U.K. property moguls, in connection with the collapse of Iceland's Kaupthing Bank hf, the latest arrests connected to the failure of the island's banking sy ...

Daily Headline - global.abi.org - 03/10/2011 - 08:32 - 0 comments

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