Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To consider an update on the Icelandic claim.
The Head of Legal and Democratic Services and Head of Finance submitted an exempt joint report which sought authority to institute and pursue legal proceedings in order to recover the financial deposits currently held in Glitnir bank and to agree to fund such legal action.
Resolved
That the recommendations as set out in the exempt report be agreed.
Reason Key: Significant Expenditure or Savings;
Corporate Priorities : An accessible, value for money council;
Wards Affected: (All Wards);
Contact: Karen Curtin, Commercial Director Email: karen.curtin@cherwellandsouthnorthants.gov.uk Tel: 0300 003 0106.
Report author: Karen Curtin, Liz Howlett
Publication date: 13/04/2010
Date of decision: 12/04/2010
Decided at meeting: 12/04/2010 - Executive
Effective from: 17/04/2010