Winding-up Board


On 2 July 2010 the District Court of Reykjavik ruled that a winding-up process should start for Byr Savings Bank.


The ruling was based on a request from the Interim Board of the Bank.


In accordance with paragraph 4 of Article 101 of Act no. 161/2002 on Financial Undertakings, the District Court of Reykjavik appointed three members to the Board.


Winding-up Board members are:

 - Eva Bryndís Helgadóttir, Supreme Attorney, Chairman

 - Árni Ármann Árnason, Supreme Attorney

 - Ágúst Kristinsson, Certified Public Accountant


The main task of the Winding-up Board is to maximize the Bank's assets and handle the claiming process.



End of Winding-up Board


The role of the Winding-up Board came to an end on 8 January 2016 when the District Court of Reykjavik confirmed a composition for the Bank





Ruling of the District Court of Reykjavik  -  2 July 2010