The Icelandic state-controlled Kaupthing Bank is considering filing a lawsuit against Britain for forcing it to go bankrupt last October, according to a statement released by the prime minister's office on Tuesday.
The committee running Kaupthing Bank may go to the European Court of Human Rights in its action against the Financial Services Authority of Britain. Kaupthing went bankrupt on Oct. 8 last year.
According to the statement, the Icelandic government had requested Britain to revoke its decision to freeze the assets of Kaupthing's British subsidiary Kaupthing Singer & Friedlander.
It condemned Britain's actions over the bank as "incorrect, unfair and illegal," the local media reported.
The British government placed Kaupthing's subsidiary in administration on Oct. 8, when the Icelandic government took over Kaupthing Bank, hoping to avoid its collapse.
Premier Geir Haarde told a press conference on Monday that Iceland would strive to offset its losses caused by the financial crisis.
Source:Xinhua
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