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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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Reykjavík District Court ruled on Thursday that former CEO of Icelandic investment company Baugur Group, Gunnar Sigurðsson, is to pay the bankruptcy estate of BGE holding company ISK 1.7 billion (USD 14 million, EUR 10 million).
Gunnar intends to appeal the verdict to the Supreme Court, Fréttablaðið reports.
BGE was founded in November 2003 around the warrant agreement of Baugur’s employees and was in their ownership.
Through this system, the employees believed that they couldn’t be held personally liable for loans that they obtained to buy shares from Kaupþing through Baugur.
Now Reykjavík District Court has reached a different conclusion, namely that those who took advantage of this system are liable for the loans.
The verdict could thus impact cases of a similar nature against other former employees of Baugur, who obtained billions in combined purchases of such shares. Many of these have negotiated their positions with the liquidator, as stated in Viðskiptablaðið in Agust.
Click here to read more about Baugur.
ESA
Sales of Icelandic vegetables are at a record high according to managing director of The Marketing Association of Horticultural Producers (Sölufélag garðyrkjumanna) Gunnlaugur Karlsson.
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Four tourists were rescued from a piece of floating ice in Fjallsárlón glacial lagoon, East Iceland, yesterday afternoon. Fjallsárlón is just west of the popular Jökulsárlón glacial lagoon.
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Today is the Second Day of Whitsun, or Pentecost, a Christian holiday and bank holiday in Iceland. Although Whitsun is a religious holiday, many people skip mass and use the opportunity to engage in outdoor activities with their friends and families.
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Iceland finished in 17th place in the final of this year's Eurovision Song Contest yesterday.
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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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