UK group action specialist Edwin Coe has been instructed to advice depositors who lost over £800m in offshore accounts with troubled Icelandic bank Kaupthing Singer & Friedlander. Edwin Coe head of litigation, David Greene, is currently advising an action group of approximately 8,000 depositors on their legal options in a bid to retrieve £821m of lost funds from the bank in the Isle of Man.The bank's Isle of Man operations were frozen along with the rest of the bank when it was taken over by the Icelandic Government last month (8 October).
November 24, 2008 at 09:24 AM
1 minute read
The original version of this story was published on Legalweek
UK group action specialist Edwin Coe has been instructed to advice depositors who lost over £800m in offshore accounts with troubled Icelandic bank Kaupthing Singer & Friedlander.
Edwin Coe head of litigation, David Greene, is currently advising an action group of approximately 8,000 depositors on their legal options in a bid to retrieve £821m of lost funds from the bank in the Isle of Man.
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