US EditionSays vélfag Employees Have Been Prevented From Receiving Payment
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A lawyer for the technology company Vélfags says that Landsbankinn has frozen the law firm's account that was supposed to be used to pay employees and settle with suppliers and mortgagees. The Ministry of Foreign Affairs is reviewing the matter but has not granted any exemptions to facilitate the payment of the salaries.
An escrow account that Vélfag's lawyer intended to use to pay the company's employees' unpaid wages was frozen at the beginning of the year. This is reported by lawyer Sigurður G. Guðjónsson in a sent article in Vísir today. Sigurður has represented Vélfag in the company's dispute with the government, Arion Bank and Landsbanki after sanctions were imposed against the company, as it is still believed to be linked to a Russian company that is part…
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