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and
American shipping firms in the transatlantic shipping trade. It was declared bankrupt on December 6, 1985; this led in turn to the collapse of its main lending bank,
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at the time of the firm's collapse, Hafskip's bankruptcy became a fuel for rival politicians, and ignited a criminal investigation which lasted six years.
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There was also another scandal with the same company that happened in 1978. But the second incident was larger.
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The
Hafskip Affair - Article by Örnólfur Árnason, in the compendium Ísland í aldanna rás 1900-2000
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42:(the Fisheries Bank of Iceland). Partly because of Hafskip's ties to Iceland's
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121:"Albert Guðmundsson ber vitni í Hafskipsmáli: Hef sjaldan kynnst skipulagðari"
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through its investment in new ships, intended to help the firm compete with
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This article about an
Icelandic corporation or company is a
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Lee, Peter, 'Landsbanki's New
Masters Take Control',
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Valur
Grettisson; Friðrik Indriðason (31 July 2009).
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129:(in Icelandic). 2 March 1990
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