Comments on: Icelandic financiers start charging on car loans again under legal advice http://www.icenews.is/index.php/2010/07/29/icelandic-financiers-start-charging-on-car-loans-again-under-legal-advice/ Thu, 09 Feb 2012 22:58:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Knute Rife http://www.icenews.is/index.php/2010/07/29/icelandic-financiers-start-charging-on-car-loans-again-under-legal-advice/#comment-219228 Knute Rife Thu, 29 Jul 2010 23:46:46 +0000 http://www.icenews.is/?p=16812#comment-219228 I think in-house counsel is skating on thin ice. While it is true that the Supreme Court had only traditional loans and not leases before it, it is also true that courts typically distinguish between traditional leases and financing leases and treat the latter as loans. Since these are financing leases, I would be surprised if the courts did not apply foreign currency indexing restrictions to them. I think in-house counsel is skating on thin ice. While it is true that the Supreme Court had only traditional loans and not leases before it, it is also true that courts typically distinguish between traditional leases and financing leases and treat the latter as loans. Since these are financing leases, I would be surprised if the courts did not apply foreign currency indexing restrictions to them.

]]> By: Fisy http://www.icenews.is/index.php/2010/07/29/icelandic-financiers-start-charging-on-car-loans-again-under-legal-advice/#comment-218846 Fisy Thu, 29 Jul 2010 14:44:15 +0000 http://www.icenews.is/?p=16812#comment-218846 " The invoices are accompanied by a letter saying that, according to company lawyers, these particular types of financing deals probably do not fall under the Supreme Court ruling. Billing will therefore continue as normal. " Until some private individual or company does sue again. What a mess. http://www.icenews.is/index.php/2010/06/19/foreign-currency-car-loans-confirmed-as-illegal-in-iceland/#comment-200433 ” The invoices are accompanied by a letter saying that, according to company lawyers, these particular types of financing deals probably do not fall under the Supreme Court ruling. Billing will therefore continue as normal. ”

Until some private individual or company does sue again.

What a mess.

http://www.icenews.is/index.php/2010/06/19/foreign-currency-car-loans-confirmed-as-illegal-in-iceland/#comment-200433

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