HM Treasury has published a press release stating that the Economic Secretary to the Treasury, Ian Pearson MP, welcomed an agreement on the repayment to the UK and the Netherlands of payments made following the collapse of Landsbanki.
The agreement, signed by the Governments of the UK, the Netherlands and Iceland, includes a sovereign guarantee by Iceland and will pass into law following the passage of a Bill introduced into the Icelandic Parliament, the Althingi.
