Landsbanki appoints Deloitte & Touche following asset transfer, looks to form creditors committee

By Caroline Salls

Pittsburgh, Oct. 30 - Landsbanki's resolution committee has appointed Deloitte & Touche LLP to communicate and consult with all of the old bank's remaining creditors following the transfer of all its Icelandic domestic deposits and significant assets to New Landsbanki Islands hf, according to a news release.

According to the release, Deloitte and the resolution committee will set up an informal committee of creditors representing a broad cross section of financial institutions, bondholders, international deposit holders and others.

This informal committee is expected to consult with Deloitte and the resolution committee on their plans for making payments to Old Landsbanki creditors.

Landsbanki is a Reykjavik, Iceland-based bank.

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