[…] However, what is different here is that Samherji’s practices are not as much an imitation of foreign practices as they reflect what Samherji learned at home. Having acquired fishing licenses without paying what would generally be considered a fair price, nor being taxed adequately for their use of Iceland’s most important natural resource, Samherji simply practiced abroad what the company did at home: not paying a fair market price for fishing quotas. More on that here. …