ESA to Take Iceland to Court over Icesave Skip to content

ESA to Take Iceland to Court over Icesave

icesave-logoESA, the EFTA Surveillance Authority, decided today to take the Icesave dispute between Iceland, the UK and the Netherlands to court. Icesave was the name of the British and Dutch branches of the Icelandic bank Landsbanki, which collapsed in 2008.

In a national referendum earlier this year, Icelanders decided not to agree to a state guarantee on the repayment of deposits to Icesave account holders.

Further agreements were thereby out of the question and a court case appeared to be imminent, although Icelandic authortities had hoped it could be averted.

Repayment to Icesave depositors from the Landsbanki estate has already begun.

Click here to read more about Icesave and here to a statement issued by EFTA on the court case.

The dispute and upcoming court case will be reported on in more detail on tomorrow.


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