Kvika banki hf. acquitted of all claims made by ET sjón ehf.

Kvika banki hf. acquitted of all claims made by ET sjón ehf.

Kvika banki hf. was acquitted of all claims made by ET sjón ehf. before the District Court of Reykjavik on 24 January 2017. A claim had been made for roughly ISK 301 million due to loss which ET sjón ehf. felt it had suffered in relation to insufficient consultancy services carried out by Kvika banki hf.’s predecessor.

The District Court of Reykjavik did not agree to ET sjón ehf.’s cause of action and acquitted Kvika banki hf.

Óttar Pálsson, attorney at LOGOS legal services, acted as counsel for Kvika banki hf. before the district court.