Kaupthing hf
Follow- Proceeding
- Foreign recognition (CCAA)Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- CV-15-11170-00CL
Kaupthing hf is the subject of an active foreign recognition proceeding under Part IV of the Companies' Creditors Arrangement Act, commenced November 16, 2015 in the Ontario Superior Court of Justice (Commercial List) as court file CV-15-11170-00CL, with the application resting on section 46 of the Act. Audited interim financial statements at the entity level put Kaupthing ehf's total assets at approximately $7.9 billion and total liabilities at approximately $26.6 billion as at June 30, 2015, in Canadian dollars converted at the Central Bank of Iceland's published CAD/ISK selling rate for that date. The Information Officer has reported 31 general unsecured Canadian creditors holding aggregate claims of approximately $113 million as of October 28, 2015, roughly 0.43% of the company's total outstanding general unsecured claims.
Initial order made November 16, 2015, opening Kaupthing hf's section 46 CCAA recognition proceeding on the Ontario Commercial List under file CV-15-11170-00CL.
Kaupthing Brief of Authorities returnable November 16, 2015 — Application / notice of application
Kaupthing hf Application Record returnable November 16, 2015 — Application / notice of application
Undated filings1 — no date appears on the document · show
Debtor
Kaupthing hf
Information officer
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Penny | Ontario Superior Court of Justice | 2 orders, Nov 2015 – Jan 2016 | 179 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorKaupthing hf | Torys LLP | 21 Jan 2016 | Application · 21 Jan 2016 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canadian Creditors (aggregate, 31 general unsecured creditors) · in 2 casesDocument names no individual creditors; figure is approximate ('approximately $113 million'). — debtor: Kaupthing ehf · as of 28 Oct 2015 | $113M | First Report of the Information Officer dated January 18, 2016 |
Unsecured creditors: paid in full.Under the planFirst Report of the Information Officer · 18 Jan 2016
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | General unsecured creditors (claims not exceeding ISK 4,600,000) | — | paid in full | Under the plan | First Report of the Information Officer · 18 Jan 2016 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at 30 Jun 2015 · per audited interim financial statements, converted using CAD/ISK selling exchange rate per Central Bank of Iceland published rates on June 30, 2015 · Kaupthing ehf (entity level, per audited interim financial statements) — Figures are approximate as stated ('approximately $7.9 billion and $26.6 billion').
| Date | Document | File |
|---|---|---|
| Brief of Authorities returnable January 21, 2016 | ||
| Endorsement dated January 21, 2016 | ||
| Factum returnable January 21, 2016 | ||
Motion Record returnable January 21, 2016
| ||
| Recognition Order dated January 21, 2016 | ||
Supplemental Motion Record returnable January 21, 2016
| ||
Unofficial Transcription of Endorsement dated January 21, 2016
| ||
First Report of the Information Officer dated January 18, 2016
| ||
| Email Notice to E Service List dated November 17, 2015 | ||
| Endorsement dated November 16, 2015 | ||
Initial Recognition Order dated November 16, 2015
| ||
| Kaupthing Service List as of November 16, 2015 | ||
Kaupthing Brief of Authorities returnable November 16, 2015
| ||
Kaupthing hf Application Record returnable November 16, 2015
| ||
| Kaupthing hf Factum returnable November 16, 2015 | ||
| Supplemental Order dated November 16, 2015 | ||
| Kaupthing Email addresses for Service List | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Kaupthing hf” (Foreign recognition (CCAA)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/kaupthing-hf