Sigrún Davíðsdóttir's Icelog

New Supreme Court ruling: estates can pay out in fx

with 2 comments

On November 10 Icelandic Supreme Court ruled in a case Kaupthing vs Ares Bank. This ruling takes further an argument put forth in earlier ruling from September last year. The new ruling not only states that estates can pay out in fx but can actually go into the market and buy fx. Here is a piece I did for Rúv last night (all links in Icelandic). More on this later…

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Written by Sigrún Davídsdóttir

November 12th, 2014 at 10:23 am

Posted in Iceland

2 Responses to 'New Supreme Court ruling: estates can pay out in fx'

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  1. […] of Kaupthing v Aresbank SA (in Icelandic; here an unofficial English translation) did not come as a surprise for those who had interpreted Icelandic state and creditors v Landsbanki Supreme Court judgement […]

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