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EFTA Surveillance Authority V Iceland
''EFTA Surveillance Authority v Iceland'' was a case brought before the EFTA Court by the European Free Trade Association Surveillance Authority against Iceland following the Icesave dispute. Following the final result of the 2011 Icelandic loan guarantee referendum, the European Free Trade Association Surveillance Authority (ESA) lodged a formal application with the EFTA Court. The case was opened on 15 December 2011, and has received defence and written observations from the governments of Iceland, UK, Netherlands, Norway and Liechtenstein as well as the EFTA Surveillance Authority and the European Commission. The oral hearing in the case took place on 18 September 2012. The judgment was delivered on 28 January 2013, in Iceland's favour. The court dismissed the application of the EFTA Surveillance Authority and ordered the authority to pay its own costs and the costs incurred by Iceland. The case Following the collapse of Landsbanki in October 2008, the governments of the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Baudenbacher
Carl Baudenbacher is a Switzerland, Swiss jurist. He has served as a judge of the EFTA Court from September 1995 to April 2018 and was the court's president from 2003 to 2017. He was a full professor at the University of St. Gallen from 1987 to 2013 and a permanent visiting professor at the University of Texas School of Law, University of Texas at Austin School of Law from 1993 to 2004. Career ''Academia'' Baudenbacher attended the School of Law and Economics of the University of Berne from 1967 until 1971. He received his doctorate (Ph.D.) from the University of Berne in 1978 and his habilitation from the University of Zurich in 1982. Baudenbacher was an acting law professor at several prestigious German Universities and an associate professor at the University of Kaiserslautern, Germany. He held the chair of private, commercial and economic law at the University of St Gallen HSG, Switzerland, from 1987 to 2013. He was also the managing director of the Institute of European ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Páll Hreinsson
Páll Hreinsson (born 20 February 1963) is the current President of the EFTA Court in Luxembourg. He is a former Justice at the Supreme Court of Iceland and professor at the University of Iceland. Education Páll graduated from Hamrahlíð College in 1983. He received a Cand. Juris degree from the University of Iceland in 1988. He was a visitor student in Administrative Law and Public Administration at the University of Copenhagen from 1990 to 1991 and received his doctorate (dr. juris) from the University of Iceland in 2005. Career Páll was an Assistant Judge at the City Court of Reykjavík from 1988 until 1991, and Special Assistant to the Althing Ombudsman (The Parliamentary Ombudsman‘s Office) from 1991 to 1998. He became the chairman of the Computer Committee in 1999 and held that post until 2001. He was also the chairman of the board of the Data Protection Authority from 2001 until 2011 and the chairman of the Information Committee from 2005 until 2007. In 1996 he bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFTA Court
The EFTA Court is a supranational judicial body responsible for the three EFTA members who are also members of the European Economic Area (EEA): Iceland, Liechtenstein and Norway. As members of the EEA, the three countries participate in the European single market of the European Union. Consequently, they are subject to a number of European laws. Enforcement of these laws would normally be carried out by the European Court of Justice (ECJ); however, there were legal difficulties in giving Union institutions powers over non-members so the EFTA Court was set up to perform this role instead of the ECJ. Since September 1995, the Court has consisted of three judges and six ad hoc judges. They are nominated by the three members and appointed by their governments collectively through common accord. According to Article 108(2) of the EEA Agreement of 2 May 1992, the EFTA States taking part in the EEA Agreement shall establish a court of justice. That obligation was complied with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Free Trade Association Surveillance Authority
The EFTA Surveillance Authority (ESA) monitors compliance with the Agreement on the European Economic Area (EEA) in Iceland, Liechtenstein and Norway; the European Free Trade Association (EFTA) States which are a part of the EEA Agreement, allowing them to participate in the Internal Market of the European Union. ESA operates independently of the EEA EFTA States and seeks to protect the rights of individuals and market participants who find their rights infringed by rules or practices of the EFTA States or companies within those states. ESA monitors the timely implementation of EEA law (such as directives and regulations) by the EEA EFTA States and may investigate whether national legislation or practices are in line with EEA law. Such an investigation may lead to the launching of formal infringement proceedings against an EFTA State, a three-step procedure which may result in ESA referring the case to the EFTA Court. ESA is based in Brussels (Belgium) with over 70 employees of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iceland
Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its surrounding areas) is home to over 65% of the population. Iceland is the biggest part of the Mid-Atlantic Ridge that rises above sea level, and its central volcanic plateau is erupting almost constantly. The interior consists of a plateau characterised by sand and lava fields, mountains, and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence keep summers chilly, and most of its islands have a polar climate. According to the ancient manuscript , the settlement of Iceland began in 874 AD when the Norwegian chieftain Ingólfr Arnarson became the first p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icesave Dispute
The Icesave dispute was a diplomatic dispute between Iceland, and the Netherlands and the United Kingdom that began after the privately owned Icelandic bank Landsbanki was placed in receivership on 7 October 2008. As ''Landsbanki'' was one of three systemically important financial institutions in Iceland to go bankrupt within a few days, the Icelandic Depositors' and Investors' Guarantee Fund (''Tryggingarsjóður'') had no remaining funds to make good on deposit guarantees to foreign ''Landsbanki'' depositors who held savings in the Icesave branch of the bank. When ''Landsbanki'' was placed into receivership by the Icelandic Financial Supervisory Authority (FME), 343,306 retail depositors in the UK and Netherlands that held accounts in the "Icesave" branch of ''Landsbanki'' lost a total of €6.7bn of savings. Because no immediate repayment was expected by any Icelandic institutions, the Dutch and British ''national deposit guarantee schemes'' covered repayment up to the max ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icelandic Loan Guarantees Referendum, 2011
A referendum on the repayment of loan guarantees by Iceland to the governments of the United Kingdom and the Netherlands over the failure of the Icesave bank was held in Iceland on 9 April 2011. This was the second referendum on the issue after a previous one was held in March 2010. After the referendum failed to pass, the British and Dutch governments said that they would take the case to the European courts. Background The referendum was held under article 26 of the Constitution of Iceland after President Ólafur Ragnar Grímsson refused to counter-sign the corresponding Act of Parliament (known as the third Icesave bill) into law on 20 February 2011. Previously, the Althingi had approved Act No. 1/2010 (also known as ''Icesave bill 2''), as amendment to Act No. 96/2009 (also known as ''Icesave bill 1''), authorising the Minister of Finance, on behalf of the State Treasury, to issue a state guarantee to cover deposit insurance over the failure of Icesave. However, the preside ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landsbanki
Landsbanki (literally "national bank"), also commonly known as Landsbankinn (literally "the national bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, the Icelandic Financial Supervisory Authority took control of Landsbanki and created a new bank for all the domestic operations called Nýi Landsbanki (new Landsbanki) so that the domestic bank could continue to operate, the new bank continued to operate under the Landsbanki name in Iceland. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2013 In Case Law
Thirteen or 13 may refer to: * 13 (number), the natural number following 12 and preceding 14 * One of the years 13 BC, AD 13, 1913, 2013 Music * 13AD (band), an Indian classic and hard rock band Albums * ''13'' (Black Sabbath album), 2013 * ''13'' (Blur album), 1999 * ''13'' (Borgeous album), 2016 * ''13'' (Brian Setzer album), 2006 * ''13'' (Die Ärzte album), 1998 * ''13'' (The Doors album), 1970 * ''13'' (Havoc album), 2013 * ''13'' (HLAH album), 1993 * ''13'' (Indochine album), 2017 * ''13'' (Marta Savić album), 2011 * ''13'' (Norman Westberg album), 2015 * ''13'' (Ozark Mountain Daredevils album), 1997 * ''13'' (Six Feet Under album), 2005 * ''13'' (Suicidal Tendencies album), 2013 * ''13'' (Solace album), 2003 * ''13'' (Second Coming album), 2003 * ''13'' (Ces Cru EP), 2012 * ''13'' (Denzel Curry EP), 2017 * ''Thirteen'' (CJ & The Satellites album), 2007 * ''Thirteen'' (Emmylou Harris album), 1986 * ''Thirteen'' (Harem Scarem album), 2014 * ''Thirt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFTA Court Cases
The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland. The organization operates in parallel with the European Union (EU), and all four member states participate in the European Single Market and are part of the Schengen Area. They are not, however, party to the European Union Customs Union. EFTA was historically one of the two dominant western European trade blocs, but is now much smaller and closely associated with its historical competitor, the European Union. It was established on 3 May 1960 to serve as an alternative trade bloc for those European states that were unable or unwilling to join the then European Economic Community (EEC), the main predecessor of the EU. The Stockholm Convention (1960), to establish the EFTA, was signed on 4 January 1960 in the Swedish capital by seven countries (known as the "outer seven": Austria, Denmark, Norway, P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession In Europe
The European recession is part of the Great Recession that began in mid-2007. The crisis spread rapidly and affected much of the region with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe, as Ireland was the first country to fall into recession from Q2-Q3 2007 – followed by temporary growth in Q4 2007 – and then a two-year-long recession. Timeline of the Great Recession across all continents Eurozone The Eurozone recession has been dated from the first quarter of 2008 to the second quarter of 2009. In the eurozone as a whole, industrial production fell 1.9% in May 2008, the sharpest one-month decline for the region since the Black Wednesday exchange rate crisis in 1992. European car sales fell 7.8 percent in May compared with a year earlier. Retail sales fell by 0.6 percent in June from the May level and by 3.1 percent from June in the previous year. Germany was t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
