Icelandic bank

January 1, 0001

Advising an Icelandic bank on proceedings commenced by various groups of banks to recover loans. Halting the English litigation by reference to the EU Directive on the winding up of financial institutions and successfully lifting the freezing orders. Value: England £498 million; Germany €150 million; Norway (freezing orders) €185 million. Jurisdictions: England, Germany, Norway, Iceland
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