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Norway: COVID-19 Travel Restrictions Found to Violate European Economic Area Agreement

(June 4, 2021) On May 27, 2021, the European Free Trade Agreement (EFTA) Surveillance Authority announced in a news release that Norwegian COVID-19 travel restrictions on entry into the country violated the free movement provisions of the European Economic Area (EEA) Agreement. Under the European Economic Area (EEA) Agreement, three members of EFTA—Iceland, Lichtenstein, and […]

Iceland: New COVID-19 Rules for Incoming International Travelers Take Effect

(May 4, 2021) On April 27, 2021, new rules took effect in Iceland governing international arrivals in the country. The rules prohibit nonessential travel to Iceland from countries that register more than 700 new cases of COVID-19 infections per 100,000 inhabitants on a rolling 14-day average in accordance with the European Centre for Disease Prevention […]

Iceland: Icelandic Central Bank Publishes Amended Rules on Foreign Exchange

(Apr. 29, 2019) On April 2, 2019, the Central Bank of Iceland published an amended version of its rules on foreign exchange. The new provisions lift some, but not all, of the remaining restrictions on foreign exchange that have been in place since Iceland’s 2008 banking crisis. (Press Release, Central Bank of Iceland, Amended Rules […]

Iceland: Bill on Male Circumcision Headed for Review

(Mar. 26, 2018) The Icelandic Parliament may vote on a bill on male circumcision later this year (114. mál, lagafrumvarp (bann við umskurði drengja), Althingi (Icelandic National Parliament) website). The proposal would ban male circumcisions on children unable to give their own consent and be punishable by up to six years’ imprisonment. (Frumvarp til laga […]

Iceland/European Court of Human Rights: Dismissal of Defamation Claim Violated Right to Respect for Private Life

(Nov. 20, 2017) On November 7, 2017, the European Court of Human Rights (ECtHR) found that the Icelandic Supreme Court had erred in ruling against a claim of defamation, and “had not struck a fair balance between the applicant’s right to respect for his private life under Article 8 of the Convention [for the Protection of Human […]

Iceland: Central Bank Eases Currency Restrictions, Ends Financial Crisis Capital Controls

(May 16, 2017) On March 12, 2017, the Icelandic Central Bank announced that it had adopted new currency exchange rules and entered into agreements to purchase Icelandic krónur from foreign holders. (Central Bank of Iceland Concludes Agreement with Owners of Offshore Króna Assets, ICELANDIC CENTRAL BANK (Mar. 12, 2017); New Rules on Foreign Exchange, ICELANDIC CENTRAL […]

Iceland: New Home Sharing Law To Take Effect January 1, 2017

(Nov. 29, 2016) On May 31, 2016, the Icelandic Parliament (Althingi) passed a new law amending the Act on Restaurants, Lodging and Entertainment. (Lög um breytingu á lögum um veitingastaði, gististaði og skemmtanahald nr. 85/2007 (heimagisting, veitingastaðir án áfengisveitinga, ótímabundin rekstrarleyfi) [Act on Amending the Act on Restaurants, Lodging and Entertainment 85/2007 (Private Accommodation, Restaurants Without […]

Iceland: Supreme Court Convicts Bankers in Market Manipulation and Fraud Case

(Nov. 10, 2016) On October 6, 2016, the Icelandic Supreme Court handed down a judgment in the Kaupthing case, in which nine bank officials were convicted of fraud and market manipulation in connection with the Icelandic banking crisis of 2008 when the Kaupthing bank bought its own stock in order to keep its value artificially […]

Iceland: Legalization of Surrogacy Proposed

(Oct. 26, 2015) On October 13, 2015, Iceland’s Health Minister, Kristján Þór Júlíusson, announced a proposal to legalize surrogacy in Iceland. (Proposal to Legalise Surrogacy in Iceland, MBL.IS (Oct. 14, 2015).) The proposed law would permit only altruistic surrogacy agreements, not commercial ones. It would allow both men and women to solicit a surrogate to carry their child. […]

Iceland/European Union: Reduction in Import Duties, Increase in Quotas for Agricultural Products

(Oct. 20, 2015) On September 17, 2015, Iceland’s government and the European Union agreed on new terms for agricultural trade. (Press Release, EU and Iceland Strike Deal to Protect Geographical Indications and Enhance Trade for Agricultural and Food Products (Sept. 18, 2015) EUROPA.) Under the new agreement, Iceland will reduce the tariffs on agricultural products […]