Posted on 01 December 2011. Tags: court, finance, Iceland, loans, purchase, Reykjavik
A small Icelandic company has won its case against the finance company Lýsing that its loan contract agreement for the purchase of machinery was illegal. The ruling is a blow to embattled financiers, but will be welcomed by many businesses still struggling with debt.
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Posted in Business, Featured, General, Iceland, MBL
Posted on 02 November 2011. Tags: Akureyri, banking, business, Iceland, Landsbanki, loans, money
The owner of a north Iceland hardware store is bringing charges against Landsbanki bank for theft.
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Posted in Business, Featured, General, Iceland, MBL
Posted on 29 August 2011. Tags: court, Iceland, judge, lin, loans, students
LIN, the Icelandic student loans fund, has summoned Supreme Court of Iceland judge Vidar Mar Matthiasson to the Reykjavik District Court in a case over responsibility for a student loan he vouched for in 1985. The case came before the court this morning.
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Posted in Featured, General, Iceland, MBL
Posted on 04 August 2011. Tags: collapse, Kaupthing, kreppa, loans, shares
A majority of the former Kaupthing Bank employees who were originally let off repaying loans used to buy shares in the bank, pre-collapse, have now made a payment deal with its resolution committee.
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Posted in Business, Featured, General, Iceland, MBL
Posted on 16 June 2011. Tags: arion, banking, court, Iceland, law, loans
Iceland’s Arion Bank is in the process of voluntarily amending foreign-currency loans taken out with the bank by businesses and individuals before the financial crisis of 2008.
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Posted in Business, Featured, General, Iceland, MBL, Society
Posted on 05 June 2011. Tags: debt, loans, sms, Sweden, women
The Swedish Enforcement Authority has revealed that Swedish women are now defaulting on SMS loans at the same rate as men, for the first time ever.
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Posted in Business, Featured, General, MBL, Society, Sweden
Posted on 10 May 2011. Tags: banking, court, Iceland, Kaupthing, loans
A former executive at Iceland’s now-defunct Kaupthing Bank has been ordered by a court to repay a ISK 640 million (EUR 3.9 million) which the bank granted him to buy Kaupthing shares.
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Posted in Business, Featured, General, Iceland, MBL
Posted on 06 February 2011. Tags: debt, Iceland, independence party, islandsbanki, loans, money, Politics, sjálfstæðisflokkurinn
Iceland’s opposition Independence Party reportedly mortgaged its headquarters last month for a ISK 125 million (USD 1.07 million) payout from Islandsbanki.
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Posted in Business, Featured, General, Iceland, MBL, Politics