High Court considers Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008

Abstract

Purpose

The purpose of this paper is to report and comment on the High Court ruling on Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008.

Design/methodology/approach

The paper outlines the facts surrounding the case and comments on the decision.

Findings

The High Court disagreed that the claimant's view of events accorded with the way the treasury in fact acted.

Originality/value

This appeal shows how two very differently motivated, yet equally well‐intentioned, regulatory regimes can come into conflict.

Citation

Gray, J. (2010), "High Court considers Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008", Journal of Financial Regulation and Compliance, Vol. 18 No. 2, pp. 178-185. https://doi.org/10.1108/13581981011034023