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Iceland's Landsbanki exits Chapter 15 after nine years

By Richard Woolley

11 September 2017

Iceland's Landsbanki exits Chapter 15 after nine years Reykjavik iStock.com/Boyloso

One of Iceland's three major banks, which made a Chapter 15 application in New York at the beginning of the country's financial crisis in 2008, has finally emerged from bankruptcy protection in the US following the completion of its restructuring plan over the summer.