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Iceland voters reject Icesave amendment
  • Alston & Bird LLP
  • Iceland, Netherlands, United Kingdom
  • March 8 2010

This past Saturday, Iceland held its first referendum since the foundation of the Republic of Iceland to determine whether an amendment to the "Icesave Act " should stand or be repealed

Talks between UK, Netherlands and Iceland on Icesave matter break down
  • Alston & Bird LLP
  • Iceland, Netherlands, United Kingdom
  • February 26 2010

Yesterday, the Government of Iceland announced that the latest round of talks with the Netherlands and the United Kingdom regarding the Icesave matter have "adjourned without a final resolution."

European Commission announces decisions on state aid for KBC, ING and Lloyds
  • Alston & Bird LLP
  • Belgium, European Union, Netherlands, United Kingdom
  • November 18 2009

Today, the European Commission (EC) announced decisions regarding state aid for KBC Group NV (KBC), ING Groep NV (ING) and Lloyds Banking Group (Lloyds), which will "secure their long term viability," "require each of these banks to contribute substantially to the financing of their restructuring," and "ensure that none of these banks will enjoy an unfair competitive advantage as a result of the very large-scale public support they have received."