Oooh, thanks Acecard - and good to see you and the others on the forum. A very interesting article and excellent news! I hope that Mark Sismey-Durrant is dragged into this. For those who don't remember, he was the Chief Executive of Icesave who bumbled his way through a rather uncomfortable Radio 4 interview three days before the collapse (although the discomfort was only really apparent retrospectively, once Icesave had folded). He categorically assured and reassured the nation that not only was Icesave financially sound, but in the eventuality of a collapse, all depositors funds would be protected. In fact, to quote, he said "'Savers should not be nervous about the state of the bank [Icesave]. We are a robust and well-managed bank." Twenty-four hours later, Icesave's funds was frozen and he had disappeared!

Good to see there could be some personal liability charges resulting and that people will not be able to hide behind the protection of vicarious liability. The fact that the managers and board members could still be held liable, even if their actions were deemed inadvertent, means that they may not be able to plead negligence.

Hoorah to online wine later. Six o'clock will be the new vino o'clock!!

xx