30-Mar-2016: Liquidators' Update, see Deloitte site

Iceland to Face EU Pressure on Icesave, Fishing Rules in Membership Talks

Iceland will come under pressure to resolve the dispute over Icesave accounts and overhaul its fishing policies in talks to join the European Union that are scheduled to start next week, a draft EU document showed.

Negotiations are slated to begin on July 27 as Britain and the Netherlands seek compensation for losses of as much as $5.1 billion suffered by their investors in the 2008 collapse of Landsbanki Islands hf, which offered the high-yielding Icesave Internet accounts. . .

While the EU draft doesn’t mention the bank-compensation clash, it points out that any EU country could halt the talks at any time. The draft also doesn’t explicitly call on Iceland to give up whale hunting, a demand made by the European Parliament in a non-binding resolution this month.  22-Jul-10.