30-Mar-2016: Liquidators' Update, see Deloitte site

Iceland Bank Creditors Warn They Will Fight Debt Relief Measures

Creditors at Iceland’s banks said they will fight measures that hurt their financial interests after the government sought a guarantee from the country’s lenders that they forfeit their right to sue the state. . .

Creditors “reserve all rights to pursue any and all legal remedies to prevent the losses caused by the proposed legislation,” according to a letter signed by Ragnar Adalsteinsson, a lawyer with Adalsteinsson & Partners representing the Coordination Committee of the International Commercial Lenders Group, which includes creditors of Kaupthing Bank hf, Glitnir Bank hf and Landsbanki Islands hf.16-Nov-10.