|
Wednesday, 14 October 2009 07:30 |
The bank collapse has had a profound affect on lawyers where many of them are now working more hours per day, under more stress than before for less wages. This is included in the results of a survey which was made amongst the Lawyer union of Iceland and is published in the most recent Lawyer gazette.
The economic collapse had an affect on the on the work environment of roughly 56% of lawyers according to the survey. In total were 66% of lawyers who work for companies and institutions have been affected by the collapse but only half of those who work in law offices. |
|
|
Wednesday, 07 October 2009 15:38 |
|
Landsbanki has taken over the company Fjolnisvegur 9 ehf, which was owned by Hannes Smarason. The company owned Fjolnisvegur 11 in Reykjavik and a flat in London. According to the information from Landsbanki has the bank taken over the assets.
|
|
Tuesday, 22 September 2009 05:00 |
The ships of Hvalur hf. has brought 117 fin whales of the 150 that have been authorized this season. Hvalur 9 and Hvalur 8 brought four animals in on Sunday to the whale station in Hvalfjordur which had so marked history. |
|
Tuesday, 08 September 2009 10:30 |
The left win party in Reykjavik condemn the plans of the majority of the city council to sell the share of Reykjavik Energy in HS Orka. The sale of energy companies to private parties is a mistake. This is written in a report which was approved at the party meeting of the LWP in Reykjavik yesterday.
"It is the expressed opinion of the meeting as well as the majority of the nation that energy companies are to be publicly owned. |
|
Friday, 04 September 2009 05:15 |
The city council approved at their meeting yesterday to look into the option of selling the covered car parking houses to private parties. The suggestion was set forward by a representative of the left wing party and approved by votes by the left wing party and majority of the independence party and progressive party. |
|
Thursday, 23 July 2009 21:07 |
|
The police of the capital area was unable to tend to five calls tonight because of work load. The Morgunbladid has documents that show amongst other that one of these calls were because of a break in where the house owner was able to scare the burglars away.
Another police officer has now stepped forward and sent an anonymous letter about the situation inside the police and the effect of the enormous cut backs on the police. There says that at least for the past two nights where under normal conditions should have been categorized as calm, were "crazy" and the police had been unable to tend to many calls.
|
|
Wednesday, 22 July 2009 12:25 |
|
The bankrupt estate of Samson, the holding company of the Bjorgolf father and son, has filed five law suits against Bjorgolfur Gudmundsson himself and related companies because of trades that took place before Samson went into moratorium. The announced claims on the bankrupt estate of Samson is getting close to 100 billion króna as is, but its assets are only roughly 2,3 billion króna. The bankrupt estate of Samson sued Straumur Equities because of trades that took place on June 25th 2008 with shares in the holding company MGM but the only asset of that company was a 16,7% share in Arvakur publishing company of Morgunbladid.
|
|
Wednesday, 08 July 2009 12:46 |
The spokesperson of the Bjorgolf father and son, Asgeir Fridgeirsson does not want to comment on if the offer of Bjorgolfur Gudmundsson and Bjorgolfur Thor Bjorgolfsson about writing off their debt with New Kaupthing is a sign of the latter not being able to pay his debt to new Kaupthing.
As Frettabladid reported yesterday have the Bjorgolf father and son made an offer to new Kaupthing about paying half of the six billion króna debt to the bank. |
|
Tuesday, 07 July 2009 12:44 |
|
House search made by the office of the special D.A. at Sjova is related to the companies investment operations from what Hordur Arnarson chairman of Sjova says. He confirmed in a conversation with Morgunbladid that there had been made a house seach in the company this morning and various documents of the company seized.
|
|
Friday, 26 June 2009 19:25 |
|
Ögmundur Jónasson minister of health refuses to let the mayor of Reykjanesbær but him up against a wall, but the Heilsufélag Reykjaness, Salt Investments and the nordic healtfirm Nordhus Medical are waiting answere to weather they will be able to rent the underutilized surgeries of the Sudurnes Hospital and Health Center.
|
|
Thursday, 25 June 2009 14:59 |
|
Novator still has it's share in Actavis in a sales process, Novator is by far the biggest owner in the company. According to sources of Morgunblaðið they have received no satisfactory offer for the shares.
Big investers in the market, like international drug companys, have held back and therefore mergers and takeovers are fewer. The takeover of Actavis by Novator in 2007 was almost entirely financed with loans from the Deutsche Bank. News Article by noname Translated by Anya Original Article in Icelandic |
|
Saturday, 30 May 2009 07:59 |
"We have been told that there might something be odd about the announcement about the increase in share capital of Exista in December. We are looking into this and will be seeking further explanations from the concerned," says Skuli Jonsson chairman of the national company registry.
There is a review of if the increase in the share capital was a violation of the law about corporations. |
|
Tuesday, 26 May 2009 15:57 |
The largest domestic claim owners of Exista want to take over the company and put all of its administrators to the side. The letter containing this was sent to Exista just before last weekend and gave the directors a time limit till midnight last night to react to it. If they would not comply with the demand of the claim owners would they call in the entire debt of Exista and put the company into moratorium.
|
|
Friday, 15 May 2009 16:06 |
SJOVA does not fulfill the minimum requirements about solvency of insurance companies, but that is essential amount of owners equity that such companies need to have to be allowed to operate according to law. Because of his position has Sjova, as well as Vordur, been under a special supervision of the FSA after the banks collapsed.
Sjova invested greatly in foreign real estate projects around the globe as well as the owner of Sjova, Milestone, transferred assets into the insurance company to even out business debts. |
|
Saturday, 02 May 2009 22:30 |
Magnus Thorsteinsson transferred his legal residence from Akureyri to Russia shortly after the case of Straumur-Burdaras against him was filed in the district court of North Iceland in October. This was claimed in the oral presentation of the case of the bank against him in the district court in Akureyri Thursday moroning, according to the sources of DV. Straumur-Burdarass wants the estate of Magnus to be taken into bankruptcy because of default in payments.
|
|
Thursday, 30 April 2009 22:57 |
The investment bank Straumur-Burdaras wants to make Magnus Thorsteinsson CEO and one of the members of the Samson group bankrupt because of default. The request for the estate of Magnus to be taken for bankruptcy proceedings. The request has been put forward in the district court of North Iceland in Akureyri. The proceeding of the case was supposed to start in court yesterday but was postponed till today, where the oral presentation of the case will start.
|
|
Friday, 17 April 2009 06:56 |
The football club West Ham, which is owned by Bjorgolfur Gudmundsson, will be taken over by foreign claim owners. It is the English newspaper the Guardian that reports about this tonight. There it also says that the liquidating committee of Straumur will take over the company from Bjorgolfur in it´s actions to reclaim the finances that were lost in the bank collapse.
|
|
Thursday, 16 April 2009 20:22 |
The board of Kaupthing is going to take a decision in the coming days if the takeover offer of Bakkabraedur of Exista will be approved. The offer expects that the shareholders are to have 0,02 króna per share. Rip-off says a shareholder.
In the end of last year registered BBR, company owned by Lydur and Agust Gudmundssons, itself for new owners equity in Exista which was equal to 50 billion shares. Exista was the largest shareholder of Kaupthing but as well as that owns the company VIS, Lifis, Lysing and Skipti which is the parent company of Siminn. |
|
Monday, 13 April 2009 09:03 |
|
Liquidating managers of Baugur Group are now investigating transfers of assets out of the estate of the company over on to the name of the chairman of the company, Jon Asgeir Johannesson during the months before the company went into bankruptcy proceedings, according to a news article in the English newspaper Telegraph today. There says that the assets in question are assets in France, England and Denmark.
|
|
Thursday, 09 April 2009 11:42 |
|
Bjorgolfur Thor Bjorgolfsson says that neither him or his father have been sued because of the debts of Samson holdings to the bank. Bjorgolfur says that discussions about the payoff of the debt has been ongoing for the last weeks and months and he does not intend to try to avoid his responsibility of paying the debt nor other debts to Icelandic and foreign loan institutes.
|
|
Friday, 03 April 2009 14:05 |
Stodir (formerly FL-Group) has requested an authorization from the district court of Reykjavik to seek for emergency contracts with it´s claim owners. The claim owners of the company, which hold 86% of the claims on the company, support that Stodir will continue the financial reorganizing which has amongst other included that the company would be authorized to seek for emergency contracts.
|
|
|
|
|
<< Start < Prev 1 2 Next > End >>
|
|
Page 1 of 2 |