ICELAND CASE
June 1st, 2002
BY KEITH NUTHALLAN ICELANDIC drinks importer could win compensation from the Iceland government, after the European Free Trade Area Court found that Reykjavik had broken the rules of the European Economic Area, (of which Iceland is a part), by maintaining its alcohol importation monopoly until December 1995. Under the EEA Agreement, Iceland was supposed to have liberalised its import regime by January 1994, leading importer Karl Karlsson to claim that he suffered damages by being illegally prevented from importing brands for which he was an agent into Iceland in ...
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