info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

Iceland Blocks Bank Compensation for Foreigners

The president of Iceland blocked a hard fought $5 billion compensation deal with the British and Dutch governments on Tuesday, upending the precarious finances and politics of the island nation and further jeopardizing already frayed ties with Europe and international lenders. . .

The savings of Icelandic citizens were protected by an unlimited domestic deposit guarantee.

In a statement, the British treasury — which along with its Dutch counterpart pushed Iceland to amend a previous bill, making it tougher on Iceland — said that the “government expects Iceland to live up to its obligations.” . . .

“By pushing so hard, the British and the Dutch might push Iceland into bankruptcy and get no money back at all,” said Jon Danielsson, an expert on the Icelandic economy at the London School of Economics.  Deal Books blog in The New York Times - 05-Jan-10.

http://dealbook.blogs.nytimes.com/2010/01/05/iceland-blocks-bank-compensation-for-foreigners/