The Winding-up Board, together with the Winding-up Boards of Kaupthing and LBI, has had a constructive meeting today with representatives of the Government and its advisers to discuss its ideas for the resolution of the estate in the context of Iceland’s plans to release capital controls. Following that meeting, the Winding-up Board met separately with the representatives of the Government and its advisers to explain its proposals in greater detail.
The Winding-up Board sees these meetings as an important step and believes it is in all parties’ interests to continue this dialogue, so as to achieve a consensual resolution to the estate’s winding-up proceedings by way of a composition and the lifting of capital controls. Á íslensku
The Winding-up Board of Glitnir has been invited to meet together with the Winding-up Boards of Kaupthing and Landsbanki and the implementation group which is assisting the Government’s steering committee on the release of capital controls on Tuesday 9th December 2014. The Winding-up Board welcomes this development and has accepted the invitation and will be attending with its advisers and advisers to the principal creditors.