Offers on the British supermarket chain Iceland Foods are close to the value which the resolution committee of failed Icelandic bank Old Landsbanki had hoped for. The likely Republican presidential candidate in the USA is connected to one of the bidding investment funds. Read the full story

The estate of Iceland’s bankrupt Landsbanki bank this week paid the British and Dutch governments one third of the money they claim for having bailed out Landsbanki’s Icesave customers in the two countries. An ESA spokesman said that there still has not been any decision made as to whether or not the Icelandic state will be taken to court over Icesave in a case to decide whether or not it was the government’s duty to pay the money back. The ESA maintains that it was; but the Icelandic government disagrees. Read the full story

Former British Prime Minister Gordon Brown is one of the big names due to start blogging on a new discussion forum run by Iceland’s Landsbanki bank. Brown is still affectionately-known in Iceland as the man who branded Landsbanki a terrorist organisation and destroyed Iceland’s economy Read the full story

The owner of a north Iceland hardware store is bringing charges against Landsbanki bank for theft. Read the full story

The Supreme Court of Iceland yesterday ruled that the emergency law on prioritisation of bankruptcy claims will remain in force. In the specific case of Landsbanki, this means that British and Dutch claims to cover the Icesave debt can now be paid out. Read the full story

A report on the effects of British anti-terrorism legislation on Iceland has been released. It is believed Icelandic companies were impacted by ISK 5 billion due to the British government’s actions during the banking crisis. Read the full story

Over a hundred former Landsbanki shareholders have so far signed up to take part in a group lawsuit against Bjorgolfur Thor Bjorgolfsson, who used to be the bank’s largest owner. Read the full story

In accordance with previous estimations, it is still predicted that recoveries from the bankrupt estate of Iceland’s Landsbanki Islands hf. will cover UK and Dutch deposits in Icesave; with surplus. Read the full story

Haukur Thor Haraldsson, a former employee of Landsbanki, was yesterday sentenced to two years in prison for embezzlement. Read the full story

British media are reporting that the UK’s second-biggest supermarket chain, Asda is interested in buying the nearly 70 percent stake in Iceland Foods owned by the bankrupt estate of Old Landsbanki from Iceland, the country. Read the full story