Iceland’s Minister of Finance Bjarni Benediktsson has announced that each citizen of the country will get a pay-out of 30,000 ISK for the proposed sale of Islandsbanki.

The idea is to give 5% of Islandsbanki shares to the people.

The value of the bank is currently placed at 187 billion ISK, of which 5% is about 9.3 billion ISK. When divided between Iceland’s population, this makes it just short of 30,000 ISK for each citizen.

Read more here.

Thai business attorneys Chaninat and Leeds specialize in Thai business law.