Which authority is recorded against Landsbanki Íslands hf.?

The entry is recorded against Office of the Special Prosecutor · EFTA Court, in the Iceland jurisdiction, under the theme Cross-border deposits · market manipulation.

What is the current status of this entry?

Status: Concluded — convictions and EFTA ruling. Last recorded change: 6 October 2016. The matter arose or was first recorded on 7 October 2008.

How was this matter brought to light?

Bank failure and cross-border deposit dispute. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for IS-2008-02 be checked?

The entry links to Background record — Icesave dispute.

IS-2008-02 · Iceland · 2008

Landsbanki and Icesave: deposit guarantees and the Icelandic market-manipulation case

The failure of Landsbanki's Icesave deposit branches triggered a cross-border dispute resolved by the EFTA Court, alongside domestic convictions over trading in the bank's own shares.

Reykjavik waterfront, illustrating the Landsbanki and Icesave matters — Illustrative image · Landsbanki Íslands hf.

Institution: Landsbanki Íslands hf.
Authority: Office of the Special Prosecutor · EFTA Court
Status: Concluded — convictions and EFTA ruling
Theme: Cross-border deposits · market manipulation
Raised by: Bank failure and cross-border deposit dispute
Jurisdiction: Iceland
Matter arose: 7 October 2008
Last recorded: 6 October 2016

What the sources record

Icesave branches in the United Kingdom and the Netherlands held retail deposits that were frozen on the bank's collapse.

The EFTA Court dismissed the claim against Iceland over the deposit-guarantee obligation in 2013.

Icelandic courts separately recorded convictions of former officers for manipulation of the bank's share price.

Timeline

2008-10-07
Landsbanki placed under Icelandic receivership.
2013-01-28
EFTA Court dismisses the Icesave claim.
2016-10-06
Final domestic sentences recorded.

Individuals named in this case

Iceland

Court record

Sigurjon Arnason

Former chief executive, Landsbanki

Base · Reykjavik

Convicted in the Icelandic market-manipulation proceedings concerning Landsbanki share trading before the 2008 collapse

The court recorded findings on proprietary trading in the bank's own shares in the period preceding its failure and the Icesave deposit dispute.

Portrait tile — no licensed photograph held

Record →Case record →Source →

All individuals in the register →

Primary sources

Background record — Icesave dispute

Questions and answers on this entry

What does register entry IS-2008-02 record?: Landsbanki and Icesave: deposit guarantees and the Icelandic market-manipulation case. The failure of Landsbanki's Icesave deposit branches triggered a cross-border dispute resolved by the EFTA Court, alongside domestic convictions over trading in the bank's own shares.
Which authority is recorded against Landsbanki Íslands hf.?: The entry is recorded against Office of the Special Prosecutor · EFTA Court, in the Iceland jurisdiction, under the theme Cross-border deposits · market manipulation.
What is the current status of this entry?: Status: Concluded — convictions and EFTA ruling. Last recorded change: 6 October 2016. The matter arose or was first recorded on 7 October 2008.
How was this matter brought to light?: Bank failure and cross-border deposit dispute. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for IS-2008-02 be checked?: The entry links to Background record — Icesave dispute.

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