Landsbanki feels the chill

Matthew Sapte, James Curtis, Richard Caird and Felicity Ewing, Denton Wilde Sapte LLP

On 8 October 2008, powers available to the Treasury under the Anti-terrorism, Crime and Security Act 2001 were used to enact the Landsbanki Freezing Order 2008. This effected a freeze on funds in relation to the Icelandic bank Landsbanki, including those owned, held or controlled in relation to that bank by the relevant Icelandic authorities or the Government of Iceland (each a specified person).