From Iceland — "Iceland" Cost 5.3 Million ISK

“Iceland” Cost 5.3 Million ISK

Published February 27, 2009

According to information from the Ministry of Foreign Affairs, the law
firm Árnason Faktor ehf. was paid 5.3 million ISK in tax money to
protect the word “Iceland” as a trademark. Specifically, to prevent private parties from copyrighting the word “Iceland” and thereby preventing others for using it. “Iceland” has apparently been on the market since 2004, and is also the name of a popular store chain in the UK.
All told, the Ministry of Foreign Affairs spent 29,415,432 ISK on expenditures from May 2007 to the end of last January.

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