TITLE

Manx dismay at rejection of Kaupthing S&F offer

AUTHOR(S)
Stodell, Hannah
PUB. DATE
June 2009
SOURCE
Money Marketing;6/18/2009, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the disappointment of John Spellman, finance director of Isle of Man (IoM), regarding the rejection of the treasury's proposed scheme of arrangement by the depositors of Kaupthing Singer & Friedlander Ltd. According to Spellman, the scheme would bring many benefits to the investors. However, two of the three classess of creditors failed to give the 75% approval required for the scheme.
ACCESSION #
43089698

 

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