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Legal Update

Summary of Government Interventions in Financial Markets - Iceland

September 2009
Mayer Brown Legal Update
The Icelandic economy collapsed in the wake of the global financial meltdown. All 4 of its largest banks have now been nationalised and a USD 10bn relief package has been put together by the International Monetary Fund (“IMF”) in conjunction with several European countries in an effort to rescue the State’s economy.

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