Regional news: Iceland

Airline insolvencies: Germania and Wow shut down in Germany and Iceland

Icelandic airline Wow Air is shutting down only days after securing bondholder approval for a restructuring plan, as German airline Germania also announces its closure after failing to win support for a rescue.

27 March 2019

Kaupthing barred from IVA vote

The English Court of Appeal has voided a British property developer’s individual voluntary arrangement after finding former Icelandic bank Kaupthing should not have been permitted to vote on it.

31 July 2018

UK court confirms European Winding-up Directive blocks commercial claims under Lugano Convention

The England and Wales Court of Appeal has dismissed a case brought by a creditor of liquidating Icelandic bank Kaupthing, affirming that moratoria under the EU Winding-up Directive extend to civil and commercial claims under the Lugano Convention.

06 March 2017

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