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Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.
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Former CEO of Kaupþing Luxembourg Magnús Guðmundsson must pay the bankruptcy estate ISK 717 million (USD 5.6 million, EUR 4.35 million) according to yesterday’s ruling at the Reykjavík District Court, Fréttablaðið reports.
Kaupþing headquarters in Iceland. Photo copyright Icelandic Photo Agency.
Magnús received the amount in a loan to buy shares in the bank before it collapsed. Several days before the collapse, the bank’s management decided to remove the personal guarantees on loans to the bank’s staff members.
After the resolution committee took over the bank’s operations, it was decided to reverse the earlier decision on the grounds that it had been illegal to give him the loan without expecting repayment and proceedings were initiated at the District Court, visir.is reports.
The court has handed similar rulings in two other recent cases. Last week, former Kaupþing CEO Helgi Þór Bergsson was ordered to pay ISK 600 million (USD 4.7 million, EUR 3.6 million).
Click here to read more about that story.
ZR
The exchange of power in Iceland took place yesterday when the government of Sigmundur Davíð Gunnlaugsson formally took over from that of Jóhanna Sigurðardóttir and ministers exchange keys.
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Mountaineer Leifur Örn Svavarsson became the first Icelander to reach the peak of Everest, the world’s highest mountain, by the North Face from Tibet just before sunrise yesterday morning.
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Iceland’s new government formally took power today following a state council meeting at Bessastaðir, the presidential residence.
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One of the last tasks of Steingrímur J. Sigfússon while in office as minister of industries and innovation was to issue a regulation on Monday extending the reserve for whales in Faxaflói bay, off Reykjavík in Southwest Iceland. The regulation took affect at midnight.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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REVIEWS
The 11th Reykjavík Shorts & Docs. Catch it while it lasts!
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Artist couple Nína Ivanova and Ómar Smári Kristinsson explain why they decided to settle in the West Fjords’ capital.
Reykjavík Queer Choir’s annual spring concert takes place on Friday, May 24.
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