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. Continue Reading

Icelandic opera singer Elmar Gilbertsson has landed himself a prestigious contract singing in the Netherlands. Continue Reading

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. Continue Reading

Scientists have recently confirmed the existence of a deep-flowing ocean circulation system off Iceland which could make the ocean respond differently to climate change than previously thought. Continue Reading

A man in his 30s has been sentenced to three years in prison for smuggling around four kilogrammes of amphetamines to Iceland. He is charged with having smuggled the drugs to the country with intent to sell and distribute them. Continue Reading

The EFTA surveillance authority, the ESA, has ruled that the Icelandic authorities are required to pay out the minimum insurance amount on Icesave deposits in the UK and Netherlands. Continue Reading

The winding up and resolution committees of Old Landsbanki held a press conference today where they revealed that the bank's assets are now expected to cover 99 percent of priority claims -- including Icesave. Continue Reading

Despite some confused reports to the contrary, this weekend’s Icesave referendum result does not mean Iceland will withhold refunds to the British and Dutch governments for the money they lost bailing out Icesave account holders in 2008. Continue Reading

With a 60/40 vote against the Icesave repayment deal, Iceland's Minister of Finance Steingrimur J. Sigfusson says the case will now go to court, but that there are no hard feelings in the Netherlands and the UK. Continue Reading

For the second time, Icelanders are today voting in a national referendum on whether to approve or deny a new deal aiming to pay back the British and Dutch governments for the money they spent bailing out customers of Landsbanki's failed Icesave savings accounts. Continue Reading