The Joint Liquidators Provisionally continue to work with the
Isle of Man Treasury in helping develop its proposed Scheme of
As outlined previously, the Joint Liquidators Provisionally
understand creditors seeking more information regarding the detail
of the Scheme of Arrangement. However, as the Scheme of Arrangement
is still being drafted it cannot be shared with creditors at this
time. When this information becomes available, this information
will be placed on the website. The Joint Liquidators Provisionally
appreciate your continued patience in this regard.
The Joint Liquidators Provisionally would like to outline that
they continue to protect the assets of the Bank and are engaged in
the realisation of those assets for the benefit of creditors. There
is no further news regarding the realisation of assets at this
I attach a link to the Kaupthing Bank hf Creditors' Report which
has been updated (March 2009) by the Resolution Committee. The
Resolution Committee do not provide any further clarification on
the amount or likely timing of any payout.
Telephone conference dial in
Following a conference call with the Depositors Action Group
which took place on Monday 9 March 2009 (and can be accessed on
this website) I have set up a seventh conference call which will
take place on Monday 6 April 2009 4pm BST.
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.
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 March 2009 has now been made available on
the KSFIOM website.
As previously, the best way to make contact is to write to the
bank or to email email@example.com. If you need to
telephone the bank, please use the main switchboard number +44 1624
Joint Liquidator Provisionally