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Order of priority claims under the Emergency Act deemed valid by Icelandic court
The Supreme Court of Iceland today ruled in a case concerning the Emergency Act of October 6th 2008. The ruling entails that the law and associated acts stands undisputed. Since the Supreme Court is a...
View ArticleImportant to reach agreements regarding the Icelandic banks
Icelanders need to establish unity on the issue of future measures to address the current financial situation. The social partners have suggested to the government extensive collaboration on measures...
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Denmark bails out its banks
Following the lead of many other countries around the world, Denmark’s government has agreed to extend a 100 billion kroner (USD 17.8 billion) credit line to the nation’s banks. The new bill will be...
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Business innovation on the up in Iceland
Today, with the banks rather smaller than before, knowledge-based companies are again able to tap the talent which Iceland’s highly educated people have to offer. Iceland’s economy may be struggling,...
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