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Tag Archive | "Luxembourg"

Bankrupt Icelandic bank pays Luxembourg debt


The estate of Iceland’s defunct Glitnir Bank has paid back all its debts to the Central Bank of Luxembourg, two years ahead of schedule. Read the full story

Posted in Business, General, Iceland, International, MBLComments (0)

Luxembourg homes and offices raided in Kaupthing investigation


Iceland’s special prosecutor into the banking crash, Olafur Thor Hauksson, is in Luxembourg with a team of investigators in relation to the probe into the collapse of Kaupthing. Read the full story

Posted in Business, General, Iceland, International, MBLComments (5)

Feuding Icelandic businessmen prepare to fight it out in court


Robert Wessman, long-term colleague and defender of Bjorgolfur Thor Bjorgolfsson, has begun legal proceedings against Bjorgolfsson’s company, Novator. He is claiming ISK 4.5 billion (USD 40.8 million). Read the full story

Posted in Business, General, Iceland, International, MBLComments (1)

Investigation into Kaupthing collapse hindered in Luxembourg


19 companies and the Banque Havilland bank have spoken out against the handing over of sensitive information from the Luxembourg-based bank to Iceland’s special prosecutor into the banking collapse. The office of Olafur Thor Hauksson wants the information in connection with its investigation into Kaupthing. Read the full story

Posted in Business, General, Iceland, International, MBLComments (2)

Luxembourg court okays Landsbanki asset recovery deal


A court in Luxembourg has given the green light to a deal between the bankrupt estate of Landsbanki Luxembourg, Landsbanki Íslands, the Central Bank of Luxembourg and several of the bank’s biggest creditors. Read the full story

Posted in Business, General, Iceland, International, MBL, PoliticsComments (0)

Central Bank of Iceland takes control of krona denominated bonds


Seðlabankinn1The Central Bank of Iceland, on behalf of itself and the National Treasury of Iceland, has concluded an agreement with the Banque centrale du Luxembourg (BCL) and the liquidator of Landsbanki Luxembourg S.A., concerning the purchase of 98% of outstanding Avens B.V. bonds. Read the full story

Posted in Business, General, Iceland, MBL, PoliticsComments (8)

Norway leads NATO nuclear disarmament initiative


nuclearNorway, along with fellow NATO members Luxembourg, Belgium, the Netherlands and Germany, have joined together to call on the Western-based defence alliance to increase support for achieving a world that is nuclear-weapon-free. Read the full story

Posted in Environment, General, Holland, International, MBL, Norway, TechnologyComments (2)

Investigators raid Kaupthing Luxembourg


olafur-thor-littleOne of the biggest operations of the Icelandic special prosecutor into the banking collapse took place this week in Luxembourg. Read the full story

Posted in General, Iceland, International, MBLComments (0)

Belgians to receive reimbursements from Kaupthing this week


kaupthingAround 16,000 Belgians that had deposits and balances in Luxembourg’s Kaupthing branch will be expected to receive reimbursements later this week. Their accounts and balances were frozen in November last year shortly after the collapse of the Icelandic banks. Read the full story

Posted in Business, Iceland, MBL, PoliticsComments (4)

Iceland best place for press freedom


cameraThe international journalists’ body, Reporters Sans Frontieres has published its annual report on global press freedom, The Guardian reports.

Iceland, Luxembourg and Norway jointly top the list of 173 countries, which takes into account different factors including Read the full story

Posted in Business, China, Iceland, International, MBL, Norway, Society, United Kingdom, United StatesComments (9)

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