Iceland wins court case against UK, Dutch savers

EurActiv reported that the court of the European Free Trade Area (EFTA) ruled on the 28 January 2013 in favour of the Icelandic bank Icesave in a row over compensation to hundreds of thousands of savers from the UK and the Netherlands who lost their money when the bank collapsed in late 2008.

DutchNews.nl reported in February 2014 that the he Dutch and British authorities had reopened their dispute with Iceland over the bankruptcy of online bank Icesave by filing claims for up to €3.5bn from the Icelandic bank guarantee fund.

• Primary Source

ESO: Background information: Icelanders reject Icesave debt repayment http://www.europeansources.info/record/icelanders-reject-icesave-debt-repayment/

EUObserver, 28.01.13: Iceland not liable for Icesave compensation after landmark ruling http://euobserver.com/news/118869

BBC News, 28.01.13: Icesave: Icelandic government wins compensation ruling http://www.bbc.co.uk/news/business-21231535

EFTA Court: Press Release, 28.01.13: Judgment in Case E-16/11 EFTA Surveillance Authority v Iceland (“Icesave”) http://www.eftacourt.int/images/uploads/16_11_PR_EN.pdf

DutchNews.nl, 28.01.13: Iceland wins Dutch compensation battle over Icesave guarantees http://www.dutchnews.nl/news/archives/2013/01/iceland_wins_dutch_compensatio.php

Iceland: Ministry of Finance and Economic Affairs: Press release, 28.01.13: Iceland welcomes acquittal in Icesave case http://eng.fjarmalaraduneyti.is/news/nr/16292

DutchNews.nl, 11.02.14: Icesave dispute reopened, Dutch and British demand €3.5bn http://www.dutchnews.nl/news/archives/2014/02/icesave_dispute_reopened_dutch.php

The Guardian: Tag: Business: Icesave http://www.theguardian.com/business/icesave

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