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Vincent Tchenguiz and Kaupthing settle

Vincent Tchenguiz said this morning he had reached a legal settlement with Kaupthing, the collapsed Icelandic bank, drawing a line under civil claims worth about £1.5bn.
CoStar News
September 19, 2011 | 3:55 P.M.

In a statement, Tchenguiz said trustees of his family trust and his Euro Group business vehicle had settled all claims against the bank in England and Iceland.

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