EFTA Court: Judgment in case E-16/11 - EFTA Surveillance Authority v Iceland
( January 28, 2013, 10:42 GMT | Official Statement) -- MLex Summary: The Icelandic government is not required to pay compensation to British and Dutch depositors in Icesave, the court of the European Free Trade Association ruled. The court found that Iceland met its obligation under the directive on deposit guarantees to create an industry guarantee system, and the law does not require government to cover losses beyond the guarantee scheme's ability to pay.Click the attachment below for the full judgment....
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