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High Court considers Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008

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  • Joanna Gray

Abstract

Purpose - The purpose of this paper is to report and comment on the High Court ruling on Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008. Design/methodology/approach - The paper outlines the facts surrounding the case and comments on the decision. Findings - The High Court disagreed that the claimant's view of events accorded with the way the treasury in fact acted. Originality/value - This appeal shows how two very differently motivated, yet equally well-intentioned, regulatory regimes can come into conflict.

Suggested Citation

  • Joanna Gray, 2010. "High Court considers Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 18(2), pages 178-185, May.
  • Handle: RePEc:eme:jfrcpp:v:18:y:2010:i:2:p:178-185
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    Keywords

    Legal decisions; Banks; United Kingdom; Iceland;

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