Agreement of creditors'
The following statistics show the current position regarding the
agreement of creditors' claims:
If you compare these figures to the summary published on 10
November 2009, you will note that the value of agreed claims has
risen from £797million to £874million. You will also note that the
number of claims listed as being paid in full by the Early Payment
Scheme has reduced from 1,489 to 1,416 - this is as a result of a
data clean up exercise which matched up EPS claimants to their
A total of 13 claims with a value of £11million have been
rejected in full, and 40 claims have been rejected in part, the
rejected portions totalling approximately £300,000.
Any creditors who have not yet submitted a claim are asked to
submit their claims as soon as possible to ensure that they receive
the distributions to which they are entitled.
Claim against Kaupthing
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.
Contacts and change of email
The best way to make contact is to write to the bank or
email firstname.lastname@example.org. Please note that the
email address has changed and the old email address will be shut
down shortly. If you need to telephone the bank, please use the
main switchboard number +44 1624 699222.