Definicja depozytu w świetle opinii Trybunału EFTA  oraz orzeczenia Sądu Najwyższego Islandii w sprawie Aresbank S.A.  przeciwko NBI hf., Fjármálaeftirlitid i rządowi Islandii

Piotr Frątczak

Published : 2024-02-19

Vol. 50 No. 1 (2013)

The definition of deposits in the light of the opinion of the EFTA Court and the ruling of the Supreme Court of Iceland in the case Aresbank SA vs. NBI hf., Fjármálaeftirlitid and the government of Iceland.

Piotr Frątczak

Abstract

The definition of a deposit under Directive 94/19/EC has been perceived as a non-controversial issue. Also during the ongoing work on the revision of the aforementioned directive much more focus has been put on issues concerning the target level of the DGS fund or the reimbursement period. However, under the stressed conditions of the Icelandic crisis, this matter sparked a dispute of significant economic importance. Court proceedings in the case Aresbank S.A. vs. NBI hf., Fjármálaeftirlitid and Iceland have become a major test for both the Icelandic judiciary and the legal system of the European Economic Area. It is also one of the few cases of judicial review of provisions of Directive 94/19/EC. The case of Iceland indicates that bank restructuring is inevitably related to substantial legal uncertainty arising from the discretion of the national authorities, which are susceptible to political and social influence.

Keywords:

Iceland, Aresbank S.A, Landsbanki Íslands hf, Directive 94/19/WE, deposit definition, European Economic Area

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Frątczak, P. . (2024). The definition of deposits in the light of the opinion of the EFTA Court and the ruling of the Supreme Court of Iceland in the case Aresbank SA vs. NBI hf., Fjármálaeftirlitid and the government of Iceland. Safe Bank, 50(1), 29–53. Retrieved from https://ojs.bfg.pl/index.php/bb/article/view/414

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