Supreme Court Decision in Ægisaudur Claim

04.09.2014
On 4 September 2014 the Supreme Court of Iceland confirmed the ruling of the District Court of Reykjavik in the Ægisauður case (claim no 698).
Ægisauður had claimed ISK 472 million as a priority claim (Art 109).  The Winding-up Board rejected the claim.  On 21 July 2014 the District Court of Reykjavik confirmed the rejection, but judged the WuB to pay ISK 1,5 million in legal cost.  Both the WuB and Ægisauður appealed.
 
On 4 September 2014 the Supreme Court rejected all claims made by Ægisauður and judged that each party had to pay its legal cost, meaning that the WuB did not have to pay the ISK 1,5 million to Ægisauður.
 
The WuB therefore does not have to pay anything and all claims made by Ægisauður are dismissed.