Joint Rules on the Financial Restructuring of Companies

The Icelandic Financial Services Association has agreed on joint rules on the Financial Restructuring of Companies. To ensure procedural consistency across cases, Saga Capital Investment Bank will from now on refert to these rules when restructuring companies.

These Joint Rules have been adopted in accordance with Article 3 of Act No. 107/2009, on Actions for the Benefit of Individuals, Households and Corporates in Response to the Banking and Currency Crisis, and shall apply while its provisions are valid. The Rules apply to the legitimate claims of financial institutions, i.e. claims that enjoy legal protection under Icelandic or internationally recognised law.

Please access the Joint Rules on the Financial Restructuring of Companies here.