Parental Guarantee rejected by Icelandic Court, 10 Mar 11

Category: Newsflash

10 MARCH 2011

Parental Guarantee

The ruling has been handed down in the Reykjavik District Court in the case regarding the parental guarantee. The Court has ruled that the parental guarantee is not valid.

The ruling will be posted on this website once the official English translation has been received. We have two weeks in which to lodge an appeal and a decision will be made on this in the next few days once we have had time to consider the ruling.

 

This ruling is extremely disappointing and I know that many creditors will be outraged by it.

link to post on ksfiom site

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