Ownership Decision on Bankrupt Companies Criticized

Independence Party MP Gudlaugur Thór Thórdarsson would like to call director of Arion Bank Finnur Sveinbjörnsson before the parliament’s trade committee to explain why owners of companies that have been taken over by the bank are being allowed to participate in their operations after financial reorganization.

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Buchheit to Lead Iceland’s Icesave Talks

Minister of Finance Steingrímur J. Sigfússon announced after yesterday’s meeting with Lee C. Buchheit, an American expert on debts and the co-owner of the law firm Clearly Gottlieb Steen & Hamilton in New York, that he will lead the Icelandic negotiation committee if the Icesave talks with the British and Dutch governments will be resumed.

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