posted on the bank website here :
A meeting of the Committee of Inspection was held by telephone at 3pm on Monday 25 January 2010 to discuss the rejection of our claim under the parental guarantee, and the announcement by the Administrators of KSFUK that they intend to sell off their loan book.
Latest update on KSFIOM website includes:
Cash position :summary of balances held at 31 December 2009.
Loan book : summary of the loan book as at 31 December 2009.
An update from PwC dated 11 Dec was posted today (14 Dec!) on the bank website.
It provides details of the cash position at 30 November, the loan book, the KSFUK claim and the long-awaited tables of estimated outcome (future dividends).
The Administrators of KSFUK have announced a second distribution of 10p in the £ on 9 December.
This should be paid to KSFIOM on the basis of the currently agreed claim and thus be available for inclusion in the next KSFIOM dividend.