Knowledge (XXG)

Landsbanki Freezing Order 2008

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34: 299: 305: 163:, by virtue of the fact that the Treasury reasonably believed that "action to the detriment of the United Kingdom's economy (or part of it) has been or is likely to be taken by a person or persons." As required by the enabling Act, the Order was approved by both Houses of Parliament on 28 October 2008, which was 20 days after the Order had come into force. 178:
that "the emergency legislation passed in Iceland on 7th October 2008 meant that UK creditors' rights could be prejudiced compared with other creditors" and that "the Icelandic action was likely to have a particularly significant unsettling effect on consumer confidence at a time of unprecedented disturbance of the financial sector."
177:
In a memorandum to the Joint Committee on Statutory Instruments, the Treasury stated that "the primary concern was to prohibit the flow of funds held or controlled by Landsbanki's UK branch out of the UK and back to Iceland." The same document also mentioned other reasons for making the order, namely
367: 387: 160: 103: 187: 41: 348: 382: 392: 377: 263: 267: 372: 259: 255: 341: 314: 279: 242: 334: 174:: some 300,000 depositors in the UK had deposits worth about ÂŁ4 billion when the bank collapsed. 85: 318: 298: 192: 171: 256:
House of Lords Select Committee on Merits of Statutory Instruments Twenty-Ninth Report
226: 361: 167: 243:"Anti-terrorism, Crime and Security Act 2001 - Section 4 - Power to make an order" 148: 211: 135: 156: 280:
Memorandum from HM Treasury to the Joint Committee on Statutory Instruments
152: 46: 118: 170:
in Iceland. The bank offered online accounts under the trade name
260:
House of Commons Second Delegated Legislation Committee Debate
322: 166:
The Order was made after Landsbanki was placed into
134: 127: 117: 109: 99: 94: 84: 76: 68: 63: 53: 40: 104:2001 c. 24, ss. 4 and 14 and schedule 3 230:The Landsbanki Freezing (Amendment) Order 2008 342: 8: 21: 368:Statutory instruments of the United Kingdom 161:Anti-terrorism, Crime and Security Act 2001 123:Landsbanki Freezing (Revocation) Order 2009 349: 335: 217:(Coming into force 10.10am 8 October 2008) 20: 317:, or its constituent jurisdictions, is a 204: 159:in the United Kingdom made under the 136:Text of statute as originally enacted 7: 294: 292: 188:2008–2011 Icelandic financial crisis 232:(Coming into force 21 October 2008) 321:. You can help Knowledge (XXG) by 227:Statutory Instrument 2008 No. 2766 215:The Landsbanki Freezing Order 2008 212:Statutory Instrument 2008 No. 2668 14: 388:Iceland–United Kingdom relations 303: 297: 32: 147:(later amended) is an Order of 268:Motion in the House of Commons 145:Landsbanki Freezing Order 2008 22:Landsbanki Freezing Order 2008 1: 409: 291: 18:United Kingdom legislation 383:Great Recession in Europe 315:law in the United Kingdom 313:This article relating to 31: 26: 393:United Kingdom law stubs 378:2008 in economic history 151:to freeze the assets of 90:10:10 am, 8 October 2008 72:10:00 am, 8 October 2008 55:Territorial extent  80:12 noon, 8 October 2008 77:Laid before Parliament 264:House of Lords Debate 27:Statutory Instrument 373:2008 in British law 266:(28 October 2008). 262:(27 October 2008). 258:(14 October 2008). 23: 282:(20 October 2008). 270:(28 October 2008). 330: 329: 141: 140: 95:Other legislation 400: 351: 344: 337: 309: 308: 307: 306: 301: 293: 283: 277: 271: 253: 247: 246: 239: 233: 224: 218: 209: 56: 36: 35: 24: 408: 407: 403: 402: 401: 399: 398: 397: 358: 357: 356: 355: 304: 302: 296: 289: 287: 286: 278: 274: 254: 250: 241: 240: 236: 225: 221: 210: 206: 201: 193:Icesave dispute 184: 130: 129:Status: Revoked 54: 33: 19: 12: 11: 5: 406: 404: 396: 395: 390: 385: 380: 375: 370: 360: 359: 354: 353: 346: 339: 331: 328: 327: 310: 285: 284: 272: 248: 234: 219: 203: 202: 200: 197: 196: 195: 190: 183: 180: 139: 138: 132: 131: 128: 125: 124: 121: 115: 114: 113:S.I. 2008/2766 111: 107: 106: 101: 97: 96: 92: 91: 88: 82: 81: 78: 74: 73: 70: 66: 65: 61: 60: 59:United Kingdom 57: 51: 50: 44: 38: 37: 29: 28: 17: 13: 10: 9: 6: 4: 3: 2: 405: 394: 391: 389: 386: 384: 381: 379: 376: 374: 371: 369: 366: 365: 363: 352: 347: 345: 340: 338: 333: 332: 326: 324: 320: 316: 311: 300: 295: 290: 281: 276: 273: 269: 265: 261: 257: 252: 249: 244: 238: 235: 231: 228: 223: 220: 216: 213: 208: 205: 198: 194: 191: 189: 186: 185: 181: 179: 175: 173: 169: 164: 162: 158: 154: 150: 146: 137: 133: 126: 122: 120: 116: 112: 108: 105: 102: 98: 93: 89: 87: 83: 79: 75: 71: 67: 62: 58: 52: 48: 45: 43: 39: 30: 25: 16: 323:expanding it 312: 288: 275: 251: 237: 229: 222: 214: 207: 176: 168:receivership 165: 144: 142: 86:Commencement 15: 149:HM Treasury 362:Categories 199:References 157:Landsbanki 119:Revoked by 110:Amended by 100:Made under 153:Icelandic 182:See also 42:Citation 245:. OPSI. 172:Icesave 47:SI 2008 155:bank 64:Dates 49:/2668 319:stub 143:The 69:Made 364:: 350:e 343:t 336:v 325:.

Index

Citation
SI 2008
Commencement
2001 c. 24, ss. 4 and 14 and schedule 3
Revoked by
Text of statute as originally enacted
HM Treasury
Icelandic
Landsbanki
Anti-terrorism, Crime and Security Act 2001
receivership
Icesave
2008–2011 Icelandic financial crisis
Icesave dispute
Statutory Instrument 2008 No. 2668
Statutory Instrument 2008 No. 2766
"Anti-terrorism, Crime and Security Act 2001 - Section 4 - Power to make an order"
House of Lords Select Committee on Merits of Statutory Instruments Twenty-Ninth Report
House of Commons Second Delegated Legislation Committee Debate
House of Lords Debate
Motion in the House of Commons
Memorandum from HM Treasury to the Joint Committee on Statutory Instruments
Flag of United Kingdom
law in the United Kingdom
stub
expanding it
v
t
e
Categories

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