Icelanders have rejected a deal to settle claims by Britain and the Netherlands stemming from the 2008 collapse of Icelandic banks. The British and Dutch governments are now expected to sue Iceland in an attempt to recoup billions paid to depositors after the Icelandic bank failure.
The deal, which would have settled the dispute on favorable terms (though, apparently, not favorable enough for Icelanders), was negotiated by Clearly Gottlieb lawyer, Lee Buchheit, a frequent guest Lounger, whose role in the deal was praised last year by the Icelandic press.
An interesting turn of events, indeed. Hopefully when all is settled Buchheit can be persuaded back to the Lounge for a return stint to discuss the affair.
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