Saturday, July 24, 2010

Corruption in Iceland courts ? another ruling in Iceland

Yesterday there came a ruling by Reykjavik county court,about a Car loan based on foreign currency interests rates.
The loantaker wanted to have the interests rates according to the loan,and not the Foreign Currency based rates,as the Iceland Supreme court had ruled that they where illeagal.
But the Courts ruling yesterday,said that the interests rates should be according to Icelands Central Bank rates,not the rates on the loan .
The Loan company,Lysing, will therefore not loose as much money,according to this verdict.
But now information is coming ,that the judge is married to a lawyer who has a office with the lawyer of Lysing,and a nother lawyer who is married to one of the ministers in the govermnet of Iceland.

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