A look at why savers with Landsbanki in Guernsey believe they have been short changed

The cheques are in the post for the estimated 2,000 savers with Landsbanki (Guernsey), but customers of the failed Icelandic bank's Channel Islands operation remain highly dissatisfied with the way the situation has been handled. . .

Creditors of the bank voted overwhelmingly this summer to take action against the Icelandic government, as revelations about the country's banking crisis continued to make headlines. The Landsbanki Guernsey Depositors' Action Group (LGDAG) in Guernsey maintains that the island government has done little to protect the interests of savers.

In particular, they claim that government departments and ministers did not do enough to press their cause with the UK and Icelandic governments. Guernsey introduced a Bank Deposit Compensation Scheme in November 2008, shortly after the Landsbanki failure, but this was too late to include Landsbanki (Guernsey) savers.  03-Sep-09.

http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/6131936/Icelands-customers-still-out-in-the-cold.html