The government of Iceland agreed yesterday to start preparing a lawsuit against and demand compensation from individuals, associations and companies which caused financial damage to the Icelandic state and the Icelandic public in the events leading up to the banking collapse.
The government offices. Photo by Páll Stefánsson.
“It is partly due to normal protection of interests on behalf of the state and the national economy and partly due to achieving justice,” Minister of Finance Steingrímur J. Sigfússon told visir.is.
“I trust that whatever comes out of this, people’s sense of justice will be satisfied in that this possibility is being examined,” Sigfússon added, saying that it is too early to mention names of individuals or companies that might be looking at a lawsuit from the state.
The government decided to appoint a team of independent lawyers to prepare the lawsuits.
A statement from the Ministry of Finance describes that demand for evidence in compensation cases are different from criminal cases. If evidence show illegal or careless demeanor that has caused damage to the state or the public, it is possible to demand compensation without deciding whether it is right to punish the individual or company in question.