The court of the European Free Trade Association (EFTA) has ruled that Iceland did not break the law during the Icesave dispute. Bloomsberg reports the court found that Iceland did not break the law when it denied foreign depositors in Icesave the right to withdraw their funds in 2008. A statement on the website of the Prime Minister adds that the ruling does not change the fact that the management of the old Landsbanki will continue to pay the UK and Holland for the deposits the two countries covered over four years previous. “It is cause for celebration that Iceland’s case has prevailed in the Icesave dispute,” the statement reads. “With the ruling of the EFTA court, an important milestone in this long story has been reached.” When the banks collapsed in October 2008, Landsbanki made a fateful decision: Icelanders were able to withdraw from their deposits, but many – if not most – foreigners could not. The decision, EFTA believed, may have violated international law regarding equal treatment for all depositors in a bank, regardless of country of origin. Had EFTA court found against Iceland’s favour, it could have paved the way for the UK and Holland to sue Iceland for up to 400 billion ISK (2.3 billion euros) in damages.
A young man was arrested last night after he attacked a tourist outside the Cabin Hotel on Borgartún in Reykjavík, reports DV. The man, who was found in possession of drugs, violently resisted his arrest and spent the night in jail. The tourist in question was sent to hospital and intends to file charges against the young man. It was a busy night for police who also stopped two drivers in Austurbær. One was under the influence of alcohol and the other under the influence of drugs. Meanwhile in Vesturbær two other drivers were stopped, both under the influence of
More than 1.000 Reykjavík apartments are listed on the short-term rental site AirBnB, reports RÚV. It is estimated that between 1.500 and 2.000 apartments are now being used to accommodate tourists in need of short-term rental. This includes apartment hotels which rent out 340 registered short-term apartments. The new numbers show staggering growth as just last year 600 apartments in Reykjavík were listed on AirBnB. Related Reading Help! I Need A Place To Live
New Police Commissioner of Reykjavík, Sigríður Björk Guðjónsdóttir, could possibly be in charge of investigating the Interior Minister Hanna Birna Kristjánsdóttir’s role in the now-infamous leaked memo case despite the fact that she personally appointed the new Police Commissioner, reports RÚV. As reported, Sigríður Björk Guðjónsdóttir was appointed Police Commissioner of Reykjavík yesterday. She is the first woman ever to hold the position. Meanwhile, the standing Police Commissioner, Stefán Eiríksson, who has been investigating the leaked memo case, announced he would be taking up the job as Director of Welfare for Reykjavík City. Although the leaked memo case has reached the State Prosecutor’s desk, RÚV reports
The Directorate of Health says it has had to deal with a virtual explosion of diarrhoea cases caused by campylobacter, a bacteria spread mostly by the poor handling of meat. In a statement posted on the Directorate’s website, about 100 cases of campylobacter-caused diarrhoea have been reported over the past year. The afflicted come from many different backgrounds, making it difficult to find the cause of the outbreak. The most common form of campylobacter, Campylobacter jejuni, is often connected to poultry, as the bacteria lives in the digestive tracts of many different bird species, and poorly handled raw chicken is
An Icelander hoping to sell group trips to North Korea has pulled the plug on the operation, citing negative press of the regime as being the major cause. Vísir reports that Egill Örn Arnarson Hansen, the original organiser of the trips through his travel office Trans Atlantic, claims 20 people had signed up for the trip to North Korea since he first announced the trips last December. This was just under the amount that would be needed for a group trip, despite the 600,000 ISK per person price tag. “We had a complete group, but when news stories about concentration
The Environment Agency of Iceland will be paying Iceland’s most sparsely-populated regions for the hunting of foxes, which the agency says have been experiencing a population boom. In a statement posted on the agency’s website, the agency says the number of foxes in Iceland has increased by tenfold over the past 30 years. Foxes in Iceland, as elsewhere in the world, can often be the bane of farmers. The agency hopes to reduce the damage to livestock caused by foxes, albeit within guidelines of what constitutes humane and sustainable hunting. The 3-year plan offers hunting subsidies to rural communities, with