Iceland’s new government has dropped plans to take the UK government to the European Court of Human Rights over its use of anti-terror laws to freeze Icelandic assets, ending the most vicious spat between the UK and Iceland since the 1970s cod war.

“There are no plans for the Icelandic government to go to court over this,” said Gylfi Magnusson, the new government’s minister for business affairs, in an interview with the Financial Times.  24-Feb-09.

http://www.ft.com/cms/s/0/0e146bde-02ac-11de-b58b-000077b07658.html