Today, 18 August 2010, the District Court of Reykjavik ruled in favour of Glitnir's request for an extension to the Moratorium order originally granted on 24 November 2008. This last period of extension is due to end on 24 November 2010 and the formal winding-up process of the bank starts.

Glitnir in Luxembourg establishes subsidiary to administer the bank’s asset portfolio

Glitnir in Luxembourg has established the subsidiary Reviva Capital to handle the administration and management of the bank’s asset portfolio. Reviva Capital has received an operating license from the authorities and the financial regulator in Luxembourg to handle collection and asset administration activities, and intends furthermore to offer other parties its services. Reviva Capital has eighteen employees. Management and key employees of Glitnir in Luxembourg own a 10% stake in the company, with the remainder held by Glitnir in Luxembourg. The employees’ holding is conditional and linked to the company’s long-term objectives.  Á íslensku

On 6 August 2010, the Moratorium Appointee of Glitnir banki hf. held a meeting of creditors in Reykjavik. The following presentation and Statement of Assets and Liabilities were presented at the meeting.

 Kröfuhafafundur - kynning á íslensku
 Creditors meeting 6 August 2010 - presentation