UK Holland Iceland Bank Court Action
Published / Last Updated on 10/04/2011
UK Holland Iceland Bank Court Action.
Following a referendum in Iceland which rejected a payment plan, the UK and Dutch governments are preparing court action to recover 4bn euros which was lost when the country’s bank system collapsed. British and Dutch depositors were bailed out by their governments, following the collapse of Icelandic savings bank Icesave.
According to Iceland's Finance Minister Steingrimur Sigfusson, resolving the row in court will now take at least a year.
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