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