The Court-approved informal Landsbanki Creditors' Committee has praised the Administrators, Deloitte, for 'doing a first class job' in trying to recover lost assets at its first full meeting.
Landsbanki Guernsey depositors are still waiting for the return of 70% of their savings after the Icelandic subsidiary went into administration last October. Five Landsbanki Creditors' Committee members voiced concerns about depositors of the collapsed bank to the Administrators. They comprise four residents of the island as well as Matthew Dorman, a member of the Landsbanki Guernsey Depositors Action Group (LGDAG). "We have had a very productive session today and I am very impressed by the way the Administrators are carrying out their responsibilities," Dorman says. "Much of the info...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
