The Ministry of Finance and Economic Affairs, has along with the Ministerial Committee on Economic Affairs and the Steering Group on Removal of Capital Controls, come to an agreement with the legal advisers Cleary Gottlieb Steen & Hamilton LLP and the consultants White Oak Advisory LLP in assisting Iceland in eliminating capital controls.
Lee Buchheit will be heading the legal committee. Bucheit is well known to Icelanders since he previously assisted the Icelandic government in the famous Icesave dispute that Iceland famously won in the EFTA court. Other advisors will be Anne Krueger, a professor in economics at John Hopkins University, and a former First Deputy Managing Director of the International Monetary Fund, as well as other entities such as JP Morgan.
The capital controls have been a contentious issue within Iceland and various individuals in different sectors have called for them to be lifted and it has been a goal of the current government since being elected to power.
The Ministry of Finance and Economic Affairs, has along with the Ministerial Committee on Economic Affairs and the Steering Group on Removal of Capital Controls, come to an agreement with the legal advisers Cleary Gottlieb Steen & Hamilton LLP and the consultants White Oak Advisory LLP in assisting Iceland in eliminating capital controls.
Lee Buchheit will be heading the legal committee. Bucheit is well known to Icelanders since he previously assisted the Icelandic government in the famous Icesave dispute that Iceland famously won in the EFTA court. Other advisors will be Anne Krueger, a professor in economics at John Hopkins University, and a former First Deputy Managing Director of the International Monetary Fund, as well as other entities such as JP Morgan.
The capital controls have been a contentious issue within Iceland and various individuals in different sectors have called for them to be lifted and it has been a goal of the current government since being elected to power.
