Results for Iceland
- Article from INSOL Europe (4 - 10 April 2016) GlobalINSOLvency Editorial Board
This decision provides strong support to examiners using their commercial judgment and helps to clarify their role in restructuring companies in Ireland via examinership, Ireland’s main corporate rescue mechanism. Warren Baxter of Deloitte comments on th ...
Resource Article - twallace@abiwor... - 04/08/2016 - 16:16 - 0 comments - 1 attachment
- Iceland’s Prime Minister Sigmundur David Gunnlaugsson Resigns After Release of ‘Panama Papers’
Icelandic Prime Minister Sigmundur David Gunnlaugsson resigned Tuesday, becoming the first major casualty of renewed global scrutiny into offshore accounts sparked by millions of documents allegedly leaked from a Panamanian law firm, The Wall Street Jo ...
Daily Headline - global.abi.org - 04/05/2016 - 21:11 - 0 comments
- Brown Rudnick Alert: Iceland's Capital Controls Saga - The End of The Freeze? - ATTORNEY ADVERTISING
In the decades before 2008, Iceland had a stable and prosperous economy, built on fishing, tourism, aluminium smelting and - to an extent that grew rapidly over time - financial services. Then, in late 2008, following the difficulties experienced by the ...
Resource Article - twallace@abiwor... - 02/01/2016 - 10:31 - 0 comments - 0 attachments
- Failed Icelandic Bank Glitnir To Start Repaying Creditors
Failed Icelandic bank Glitnir said on Thursday it had got agreement from the central bank to begin paying out billions of dollars owed to creditors since it collapsed in 2008, Reuters reported. Iceland's financial system crashed during the global fi ...
Daily Headline - global.abi.org - 12/17/2015 - 23:14 - 0 comments
- Iceland Moves To Nationalise Islandsbanki, On Way To Lifting Capital Controls
Iceland moved a step closer to lifting capital controls imposed following its 2008 financial meltdown, with creditors of one failed bank on Tuesday proposing the nationalisation of the successor bank in which they hold a majority stake, Reuters reported. ...
Daily Headline - global.abi.org - 10/20/2015 - 22:20 - 0 comments
- Free Lunch: Default, Depreciation, And Controls
Since Iceland's banking system collapsed in late 2008, the small island state has served as a pioneering counter example to Europe's way of handling a debt crisis. When Icelandic banks, which had grown to 10 times the country's annual inco ...
Daily Headline - global.abi.org - 06/15/2015 - 21:22 - 0 comments
- Iceland to Lift Capital Controls Imposed After Financial Crisis
After Iceland imposed capital controls during the global financial crisis, the move helped stabilize the country’s banking system, putting the economy on a path to recovery, the International New York Times DealBook blog reported. As Iceland now unwi ...
Daily Headline - global.abi.org - 06/08/2015 - 22:03 - 0 comments
- Iceland Prepares To Come In From The Financial Cold
After more than six long and lonely years, Iceland is hoping its financial isolation will soon be over. The North Atlantic nation, whose spectacular 2008 meltdown came to symbolise the greed and mismanagement of the global financial system, is expected t ...
Daily Headline - global.abi.org - 04/02/2015 - 23:15 - 0 comments
- Iceland Considering Unfreezing Assets of Three Failed Banks
Iceland’s government signaled this week that it is closing in on a plan that would unfreeze the assets of three failed banks for creditors owed tens of billions of dollars, The Wall Street Journal reported. At a meeting Tuesday, a government lawyer t ...
Daily Headline - global.abi.org - 12/10/2014 - 23:34 - 0 comments
- Iceland Says Proposals for Exiting Capital Controls Now Complete
Iceland is set to unveil plans for exiting its six-year capital control regime at the start of next week after granting an exemption to LBI hf to repay 400 billion kronur ($3.2 billion) to priority creditors, according to people familiar with government’ ...
Daily Headline - global.abi.org - 12/04/2014 - 21:56 - 0 comments