Iceland’s Business Minister’s Comments to FT Clarified Skip to content

Iceland’s Business Minister’s Comments to FT Clarified

Iceland’s Ministry for Business Affairs has released a statement in response to an interview with Minister of Business Affairs Gylfi Magnússon, published in the Financial Times yesterday, clarifying his comments on Iceland’s lawsuit plans.

In the FT article, Magnússon was quoted saying that, “There are no plans for the Icelandic government to go to court over this,” referring to Iceland suing the UK government to the European Court of Human Rights over its use of anti-terror legislation to freeze Icelandic assets at the time of the collapse of the Icelandic banking system.

“There have been no changes to the government’s planned support of a potential lawsuit by the resolution committees of Landsbanki and Kaupthing of the British state. However, the Icelandic state would not be a direct participant in such a lawsuit,” the statement reads.

The statement also reveals that the current government had not changed the decision of the former Independence Party-Social Democrat coalition to seek Iceland’s legal rights at the European Court of Human Rights and has not made any new decision to that regard.

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