Uncertainty about the sale of Kaupthing in Luxemburg

Beaucoup d'incertitudes du côté de l'Icelande ....
M. Meyers que pensez-vous de cela ?
Merci.
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http://newsfrettir.com/?p=2899

There are hopes of that in the very next days the contracts about the payoff of the debts and assets of Kaupthing and the subsidiary in Luxemburg. If the contracts are not successful with the claim owners of the subsidiary and this contract with the liquidating committee of Kaupthing within two weeks, will Kaupthing head into bankruptcy. This is the evaluation of the financial supervisory administration of Luxemburg (CSSF).

The bank has been in a moratorium for six months, but the moratorium will expire in the first week in April.

Two things need to be done before it is possible to sell the bank, according to the FSA. First the liquidating committee of Kaupthing needs to sign the contract about the payoff but an employee of the FSA says that the signing of the contract has been delayed repeatedly. He says that for instance the contract was to be signed on Friday, but the signature was postponed until Tuesday. The signature had not yet been made before noon Wednesday, but the sources of Morgunbladid say that the case is in it´s final stages of process and the pens of the liquidating committee should be lifted soon. On the other hand following that has the remade plan about the operations of the bank has to be put to the claim owners, but more than half of them have to approve it for the sale to go through. “We are running out of time, especially where the signature of the agreement with Kaupthing has been postponed many times.”

Steinar Thor Gudgeirsson, chairman of the liquidating committee of Kaupthing, says that he is not familiar with that the sale of the subsidiary is stranded on the liquidating committee. He understands it so that the discussions with the claim owners were being done now.

“This is controlled by the claim owners. If they do not agree to lower the debts and lengthen, and so forth, the bank will be bankrupt. That is the banks position.”

So there have not been attempts to sell the bank and so the approval of the liquidating committee, is his opinion.

“First and foremost the approval of the claim owners has to be at hand. I can not see that happening before the decision being taken here on if the bank will be sold,” said Steinar.

News Article by Gunnhildur Arna Gunnarsdottir

http://newsfrettir.com/?p=2899

Cet article date du 5.3.2009 | 05:30, selon la version islandaise. Cet article était-il antérieur à la signature annoncée par André Meyers?
Ou bien a-t-on encore eu affaire à une fausse bonne nouvelle ? Nos nerfs sont décidément mis à rude épreuve. Vivement qu'on en finisse!
Ce qui nous tue dans toute cette histoire, c'est bien cette incertitude : on ne sait toujours pas si on doit faire notre deuil de tout ou partie de notre épargne depuis près de 6 mois!

Cet article est rédigé en très mauvais anglais, et il est difficile d'y comprendre quoi que ce soit. Qu'en est-il de la source ? Peut-être (je l'espère) un journbal de l'élévation intellectuelle de la Dernière Heure-Les Sports ?

La source : http://mbl.is/mm/vidskipti/frettir/2009/03/05/tvisynt_um_solu_kaupthings_i_luxemborg/

La note du traducteur islandais-anglais : "Here you will find Icelandic news translated to English. I lost my job at the end of October as a result of the depression so, for now, I consider my job to be translating Icelandic news for those of you who are interested in this crisis that is shaking the very foundations of the Icelandic society."

Je suis un peu rassuré quant à mon anglais. Moi non plus je n'y comprenais rien. Je vois que je ne suis pas le seul...

... je comprends pourquoi il a été viré comme traducteur !

Tenez, un article en "bon" anglais que je viens de trouver. J'espère que le dernier paragraphe vous réjouira le coeur (enfin s'il est vrai --le paragraphe, pas votre coeur).


Kaupthing duo on share fix charges
Two employees of Kaupthing, the failed Icelandic bank under investigation by the authorities, have been charged with manipulating the markets by propping up the price of the bank's biggest shareholder, Exista.


By Rowena Mason
Last Updated: 8:52PM GMT 07 Mar 2009

Former fund manager Daniel Bórdarson and broker Stefnir Agnarsson are accused of creating false demand for bonds in Exista in early 2008, according to papers filed in a Reykjavik court.

Exista, an investment company, counts property tycoon Robert Tchenguiz and the founders of food empire Bakkavör, Lydur and Ágúst Gudmondsson, among its board members. It was linked to Kaupthing by some shared board members and 25pc stake in the bank.

There are already three inquiries into how the country's three biggest banks – Kaupthing, Glitnir and Landsbanki – had to be seized by the government as the nation's entire economic system went into meltdown last October.

The news added to rumours about malpractice in the country's collapsed banking system.

Meanwhile, Hawkpoint, the corporate advisory firm, has been appointed by the Icelandic government to negotiate over proceeds from the asset sales of the collapsed banks.

The banks are believed to owe billions to foreign customers including hundreds of UK institutions and the British Government, which guaranteed the deposits of 300,000 customers of Kaupthing Edge and Landsbanki Icesave accounts.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4954568/Kaupthing-duo-on-share-fix-charges.html

philboo a écrit:Je suis un peu rassuré quant à mon anglais. Moi non plus je n'y comprenais rien. Je vois que je ne suis pas le seul...

Le pauvre traducteur islandais traduit mot par mot, et pas de manière idiomatique, de l'islandais, une langue paléo-germanique, ce qui donne le résultat qu'on voit.
Même si je suis aussi tenté de m'en prendre a tout ce qui est islandais, je me dois cependant de constater qu'un traducteur travaille toujours en traduisant vers sa langue maternelle, précisément puisque sinon… le résultat est celui que nous venons de lire...
Il n'est dès lors pas dit qu'il soit un si mauvais traducteur, car il faudrait juger son islandais, pas son anglais...
Il se peut aussi que cette personne n'y soit pour rien dans le désastre de Kaupthing.
Peut-être nous devrions nous en prendre aux responsables: la banque nationale d'Islande, l'autorité de surveillance luxembourgeoise, les délinquants de Kaupthing Luxembourg qui, si le GDL était un pays civilisé, seraient déjà en taule...

Voici de meilleures nouvelles d'islande dans un anglais un peu plus compréhensible ...

http://newsfrettir.com/?p=2916

L'article original en islandais date du 7 mars à 10h24

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A milestone has been reached in reorganizing Kaupthing Bank Luxemburg S.A. the subsidiary of Kaupthing banki hf. with an agreement between the two banks about the payoffs between them. The agreement is a part of the reorganizing of the bank which was approved by the authorities of Luxemburg by a contract with financial funds owned by Libyan authorities in December 2008, as says in the announcement.

Also the half promise of the governments of Luxemburg and Belgium as well as the balance insurance fund of Luxemburg about a loan to Kaupthing Bank Luxemburg for 600 million euro or 86 billion krona.

The reorganizing is depending on agreements with other claim owners on Kaupthing Bank Luxemburg S.A., which are 25 international banks, about the prolonging of loans and canceling some of them. It is assumed that their stand on the matter will be clear within two weeks.

The managers of the moratorium of Kaupthing Bank Luxemburg S.A. which was set by the courts in Luxemburg, have insisted that the capital stocks in Kaipthing Bank Luxemburg S.A. will be moved down as it is clear that it is worthless. Continuing that it is expected that the new owners will put new capital stock into the bank which will be around 100 million euro, or 15 billion krona.

It is especially mentioned in the agreement that the access of the Icelandic authorities to the information from Kaupthing Bank Luxemburg S.A. will not be reduced if the reorganizing of the banks goes as planned.

One of the main goals by reorganizing the bank is to insure that close to 22 thousand persons in Luxemburg, Belgium and Switzerland will have the total amounts of their balances repaid in full. Most of these individuals are Belgian clients of Kaupthing Bank Luxemburg S.A. If nothing changes from here on it is expected that the reorganizing of the bank will be finished before mid April, according to the announcement.

News Article by noname
Original Article in Icelandic

Merci Monsieur.

Comme ce dernier article est pertinent, je vais le transférer dans la rubrique presse.