On March 8 2010 the Amsterdam District Court dismissed an application by the administrators of the Dutch branch of Landsbanki hf to extend the term of the emergency regulations that had been declared applicable to the Dutch branch by the court on October 13 2008.(1) As a result, the regulations ceased to apply on March 13 2010.
Facts
Landsbanki hf is an Icelandic bank based in Reykjavik and a credit institution pursuant to Article 1(1) of the EU Directive on Consolidated Banking (2000/12/EC) and Section 1:1 of the Dutch Financial Supervision Act.
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