Kaupthing Bank hf

Type: Company
Name: Kaupthing Bank hf
Nationality: Iceland
Web Address: http://www.kaupthing.com/
Fact Sheet: Fact Sheet for Kaupthing Bank hf
First reported Aug 12 2014 - Updated Aug 12 2014 - 2 reports

Half of Bakkavor going on sale

at 03:09 AM EDT SHAREHOLDERS in ready meal supplier Bakkavor have hired Barclays to sell down their stakes in the food giant, it emerged yesterday, Almost half of the shares in the firm could be sold as a result. One quarter of the firm is owned by Icelandic ... [Published Industrial Info Financials - Aug 12 2014]
First reported Aug 08 2014 - Updated Aug 08 2014 - 1 reports

My Illegal Savings (ESA)

After the crash and burn of 2008, when Iceland’s three largest banks collapsed almost overnight, crippling the Icelandic economy and wiping out the savings of thousands of Icelanders, many people figured it would be safer to save abroad from then on.I ... [Published Iceland Review Online - Aug 08 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 1 reports

Tchenguiz brothers prepare to take legal action againts GT over SFO probe

VINCENT AND ROBERT Tchenguiz have confirmed plans to sue Grant Thornton, after receiving out of court settlements from the Serious Fraud Office.At a 31 July High Court hearing to confirm the end of the brothers' claims against the SFO, Lord Goldsmith, ... [Published Accountancy Age - Aug 04 2014]
First reported Aug 02 2014 - Updated Aug 02 2014 - 1 reports

Tchenguiz have new targets after SFO victory

Their three-year battle with the Serious Fraud Office is over but Vincent and Robert Tchenguiz are still seeking justice It started at dawn more than three years ago with police pounding on the doors of properties linked with two of the country’s most ... [Published Telegraph - Aug 02 2014]
First reported Aug 01 2014 - Updated Aug 01 2014 - 1 reports

Allen & Overy advises Iceland on largest sterling high yield bond of 2014

Allen & Overy has advised Iceland Foods on its GBP950 million high yield bond, the largest sterling denominated high yield bond issuance of 2014.The bonds consist of GBP350m senior secured floating rate notes due 2020, GBP400m 6.25% senior secured notes ... [Published Noodls - Aug 01 2014]
First reported Jul 31 2014 - Updated Aug 01 2014 - 4 reports

Britain's fraud office settles Tchenguiz damages claim

[LONDON] Britain's Serious Fraud Office (SFO) has averted a £300 million (S$632 million) damages claim over its botched investigation into the Tchenguiz brothers, securing a second out-of-court settlement and closing an embarrassing chapter in its hi ... [Published Business Times Singapore - Aug 01 2014]
First reported Jul 31 2014 - Updated Jul 31 2014 - 1 reports

British Fraud Office Reaches Second Settlement in Inquiry Over Icelandic Bank

The Serious Fraud Office will pay 1.5 million pounds, or about $2.5 million, to settle civil claims by Robert Tchenguiz and his company, R20, following a flawed investigation into the collapse of the Icelandic bank Kaupthing. The prosecutor agreed to ... [Published DealBook - Jul 31 2014]
Entities: Bosättning, Fraud, Bank
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Grant Thornton could face £200m civil suit over Tchenguiz SFO raids

PROPERTY TYCOON Vincent Tchenguiz may sue Grant Thornton over the firm's involvement in a botched Serious Fraud Office investigation, in a case that may be worth hundreds of millions of pounds.Consensus Business Group chairman Vincent Tchenguiz, along ... [Published Accountancy Age - Jul 29 2014]
First reported Jul 27 2014 - Updated Jul 28 2014 - 2 reports

Tchenguiz to sue Grant Thornton

On Friday the SFO agreed a £3m settlement plus legal costs with Tchenguiz. The SFO said it ‘”deeply regrets” the errors in the collapsed trial into Tchenguiz and his role in the collapse of Icelandic bank Kaupthing. Yesterday, however, Tchenguiz announced ... [Published Economia - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 26 2014 - 9 reports

£6million payout for tycoon after court rules he was wrongly held in fraud swoop over collapse of Icelandic bank

| Updated: 19:24 EST, 25 July 2014A businessman has been awarded £6million of taxpayers’ money after a court ruled he was wrongly arrested by the Serious Fraud Office.Entrepreneur Vincent Tchenguiz was questioned when the SFO carried out a dawn raid ... [Published Mail Online UK - Jul 26 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

British Prosecutor to Pay $5.1 Million in Case Related to Kaupthing Inquiry

Britain's Serious Fraud Office apologized to Vincent Tchenguiz, a property magnate, over how it handled his case as part of an investigation into the collapse of the Icelandic bank Kaupthing during the financial crisis.. ... [Published DealBook - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Allen & Overy, Latham advise on Iceland Foods £950m bond issue

Allen & Overy (A&O) and Latham & Watkins have acted on a £950m high yield bond issue by frozen food retailer Iceland Foods.The issue, which is thought to be the largest sterling denominated high yield bond offer this year, was made up of £350m in floating ... [Published Legal Week - Jul 25 2014]

Quotes

With Bio-Waste Spreader: " As combine harvesters roll across Britain, reports suggest the best grain yields for several years. But a better 2014 harvest cannot disguise the worrying 30-year trend affecting UK arable farming: flat production… Unless some hitherto unimagined agricultural technology soon becomes available, previous assumptions that human ingenuity will produce ever more food from a finite area of land might have to be revised…”"
...The critical words for any party finding itself in the position of KSF are perhaps these: " …KSF's understanding of the position is most clearly manifested in the fact that, having learned that the $65 million had been credited to Khf's account, they did not draw UBS's attention to the mistake. They thought, I infer, that there was nothing to concern UBS. If they had thought that UBS remained liable to them or might do so, they would surely have contacted them: to my mind that is what any reasonable bank in KSF's position would have done. ". The lesson must be that practical commercial shortcuts to solving a mistaken payment can cut across legal remedies. Where there is any doubt in a party's mind that it has not received proper performance under a contract, it should bring that to the other party's attention."
"It is the responsibility of the investigating agency to review and interpret any information provided to it, and to act as it sees fit. Grant Thornton did not act as adviser to the Serious Fraud Office" they added
...tone, saying he was "happy" to accept the offer that would "bring to a close" his disputes with it, despite he and his businesses suffering "serious and significant damage at the hands of the SFO"

More Content

All (54) | News (47) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
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Iceland: portrait of the pirate as a young poli... [Published open Democracy News Analysis - - Aug 20 2014]
Half of Bakkavor going on sale [Published Industrial Info Financials - Aug 12 2014]
Half of Bakkavor going on sale [Published City A.M. - Aug 12 2014]
Chinese Developer Buys Robinsons-May Site [Published Los Angeles Business Journal - Aug 08 2014]
My Illegal Savings (ESA) [Published Iceland Review Online - Aug 08 2014]
Issue 1372: Columnists [Published Private Eye - Aug 08 2014]
65 million reasons never to suffer in silence —... [Published The Lawyer - Aug 06 2014]
65 million reasons never to suffer in silence [Published Dentons - Aug 05 2014]
Tchenguiz brothers prepare to take legal action... [Published Accountancy Age - Aug 04 2014]
Tchenguiz have new targets after SFO victory [Published Telegraph - Aug 02 2014]
How the mis-selling of PPI Is the biggest finan... [Published AskMen UK - Aug 01 2014]
Allen & Overy advises Iceland on largest sterli... [Published Noodls - Aug 01 2014]
Britain's fraud office settles Tchenguiz damage... [Published Business Times Singapore - Aug 01 2014]
Robert Tchenguiz gets £1.5 million in damages a... [Published The Independent - Jul 31 2014]
Tchenguiz Brothers’ SFO Kaupþing Case Closed [Published Iceland Review Online - Jul 31 2014]
Robert Tchenguiz settles long-running battle wi... [Published Legal Week - Jul 31 2014]
SFO settles Tchenguiz battle for £4.5m [Published The Lawyer - Jul 31 2014]
Tycoon Robert Tchenguiz gets £1.5m as SFO seeks... [Published Guardian.co.uk - Jul 31 2014]
British Fraud Office Reaches Second Settlement ... [Published DealBook - Jul 31 2014]
SFO to pay Robert Tchenguiz £1.5m [Published Citywire - Jul 31 2014]
SFO settles with Robbie Tchenguiz [Published Telegraph - Jul 31 2014]
UPDATE 1-British fraud prosecutor settles final... [Published CNBC - Jul 31 2014]
£1.5M DAMAGES FOR TYCOON OVER PROBE [Published Mail Online UK - Jul 31 2014]
Grant Thornton could face £200m civil suit over... [Published Accountancy Age - Jul 29 2014]
Taconic Gains In Lehman, JCP, TXU, And Icelandi... [Published Value Walk - Jul 28 2014]
Tchenguiz to sue Grant Thornton [Published Economia - Jul 28 2014]
Vincent Tchenguiz settles record £200m SFO batt... [Published The Lawyer - Jul 28 2014]
Tycoon to sue Grant Thornton for millions [Published Telegraph - Jul 27 2014]
SFO in £3m settlement with Vincent Tchenguiz ov... [Published This Is Money - Jul 26 2014]
£6million payout for tycoon after court rules h... [Published Mail Online UK - Jul 26 2014]
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British Fraud Office Reaches Second Settlement ... [Published DealBook - Jul 31 2014]
The Serious Fraud Office will pay 1.5 million pounds, or about $2.5 million, to settle civil claims by Robert Tchenguiz and his company, R20, following a flawed investigation into the collapse of the Icelandic bank Kaupthing. The prosecutor agreed to ...
British Prosecutor to Pay $5.1 Million in Case ... [Published DealBook - Jul 25 2014]
Britain's Serious Fraud Office apologized to Vincent Tchenguiz, a property magnate, over how it handled his case as part of an investigation into the collapse of the Icelandic bank Kaupthing during the financial crisis.. ...
Let banks fail: Iceland’s plan looks to be working [Published Financial Post - Top Stories - Jan 27 2014]
Iceland let its banks fail in 2008 because they proved too big to save. Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2 percent unemployment into a realistic goal. While the ...
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