Icesave Dispute

The Icesave dispute is a diplomatic dispute that began in 2008 between Iceland on one hand and the United Kingdom and the Netherlands on the other. The dispute is centred on the retail creditors of the privately owned (since 2003) Icelandic bank Landsbanki, which offered online savings accounts under the "Icesave" brand. The bank was placed into receivership by the Icelandic Financial Supervisory Authority (FME) on 7 October 2008. As a result, more than 400,000 depositors with Icesave accounts in the UK and the Netherlands were unable to access their money for at least 6 to 8 weeks, while waiting for payout from the Deposit Guarantee Schemes in these countries. Much of the public controversy arose around the UK's use of the "anti-terrorism legislation" against Iceland.

Read more about Icesave DisputeIcesave, Kaupthing Edge, Collapse of Landsbanki, Freezing of Assets in The UK, Reaction, Legal Arguments, Case E-16/11 - EFTA Surveillance Authority V Iceland

Other articles related to "icesave dispute, dispute":

Iceland–United Kingdom Relations - Disputes Past and Present - Icesave Dispute
... The Icesave dispute was a dispute between Iceland and the United Kingdom, Germany and the Netherlands over frozen assets held by collapsed Icelandic ...
Accession Of Iceland To The European Union - Historic Development - Opening and Progress of Accession Negotiations
... In January 2010 the Icesave dispute became an issue ... who then held the Presidency of the European Union, has said that the Icesave dispute does not impact Iceland's application ... has stated that while the opening of negotiations will not be blocked by the Icesave dispute, it must be resolved before Iceland's accession ...
Icesave Dispute - Case E-16/11 - EFTA Surveillance Authority V Iceland
... After the results of the 2011 referendum became known, The EFTA Surveillance Authority released the following statement “ The Authority has taken note of the outcome of the Icelandic referendum concerning the Icesave issue ... We now expect a swift answer from the Icelandic government to our Letter of Formal Notice of May last year ...

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