Landsbanki Joins Glitnir, Kaupthing in Chapter 15 . . .

12 Dec Landsbanki Joins Glitnir, Kaupthing in Chapter 15 . . .

On Tuesday (9 December) Iceland’s Landsbanki hf joined that country’s two other major banks – Glitnir Bank hf and Kaupthing Bank hf – in seeking ancillary protection in New York under Chapter 15 of the US Bankruptcy Code.  A copy of the declaration in support of recognition is available here.  The supporting memorandum of law is available here.  Judge Robert Drain has been assigned to the case, now pending in New York’s Southern District.