Extract from the Decision concerning Glitnir banki hf. pursuant to Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding-up of credit institutions
Date: 2009-07-09
Institutions: European Commission
Subjects: Luxembourg, bank, company in difficulties, decontamination, financial institution, limitation of legal proceedings, liquidation








C_2009183EN.01001801.xml










5.8.2009   


EN


Official Journal of the European Union


C 183/18





Extract from the Decision concerning Glitnir banki hf. pursuant to Directive 2001/24/EC of the European Parliament and of the Council of 4 April 2001 on the reorganisation and winding-up of credit institutions
2009/C 183/09

INVITATION TO LODGE A CLAIM — TIME LIMITS TO BE OBSERVED

Glitnir banki hf., Reg. No 550500-3530, legally domiciled at Kirkjusandur 2, 105 Reykjavík, Iceland, but currently located at Sóltún 26, 105 Reykjavík, Iceland has been granted a moratorium pursuant to a ruling of the Reykjavik District Court until 13 November 2009. On 12 May 2009, the Reykjavík District Court appointed a Winding-Up Board for the bank, which will handle, for instance, claims against the bank while the moratorium is in effect and after winding-up proceedings commence upon the conclusion of the moratorium.
The bank has operated the following branches and offices:






 


a branch in the UK: Glitnir Bank London Branch, last registered address: 41 Lothbury, London EC2R 7HF, United Kingdom;










 


a branch in Canada: Glitnir Bank Canadian Branch, last registered address: 1718 Argyle Street, Suite 810, Halifax, Nova Scotia B3J 3N6, Canada,










 


a representative office in China: last registered address: Rm 802A, Citigroup Tower, 33 Hua Yuan Shi Qiao Road, Shanghai 200120, People’s Republic of China.




The reference date is 15 November 2008. The commencement date of claims processing shall be based on the entry into force of Act No 44/2009 and is 22 April 2009.
All parties claiming debts of any sort or other rights against Glitnir banki hf. or assets controlled by the bank, including preferential claims and those secured in re, are hereby invited to submit their claims to the bank’s Winding-Up Board within six months of the first publication of this notice on 26 May 2009. Accordingly the last day to submit claims is 26 November 2009. Submission of claims shall be made by mail to the bank’s Winding-Up Board at Sóltún 26, 105 Reykjavík, Iceland; their contents must comply with the instructions in the second and third paragraph of Article 117 of the Act on Bankruptcy etc., No 21/1991. Creditors are directed to include in their claims submissions the position of the claim as of 22 April 2009.
Claims in foreign currency must be submitted in the currency in question. A creditor from a Member state of the European Economic Area or the European Free Trade Association may submit claims in a language of that State. Such claims submissions must be accompanied by an Icelandic translation; claims may be submitted in English without an accompanying translation. Other creditors may submit their claims in Icelandic or English.
If a claim is not submitted within the above-mentioned time limit it shall be deemed to be null and void, as provided for in Article 118 of the Act on Bankruptcy etc., No 21/1991, unless the exceptions in points 1-6 of the provision apply.
It is specifically reiterated that in submitting a claim, a creditor is deemed to have waived the rights to confidentiality (bank secrecy) with regard to the claim concerned.
A creditors’ meeting will be held on Thursday, 17 December 2009, at 10:00 am at Hilton Hotel Nordica, Suðurlandsbraut 2, 108 Reykjavík, Iceland. Parties who have submitted claims against the bank are entitled to attend the meeting. This meeting will discuss the list of claims lodged and the decision of the Winding-Up Board insofar as it is then available. A list of claims lodged will be accessible to those who have submitted claims against the bank at least one week prior to the above-mentioned meeting.
Further information on submission of claims and handling of claims will be made accessible on the bank’s website: http://www.glitnirbank.com

Reykjavík, 9 July 2009.


Winding-Up Board of Glitnir banki hf.
Steinunn GUðBJARTSDÓTTIR, Supreme Court Attorney


Einar Gautur STEINGRÍMSSON, Supreme Court Attorney


Páll EIRÍKSSON, District Court Attorney