The Icesave dispute is a diplomatic dispute that began in 2008 between Iceland on one hand and the United Kingdom and the Netherlands on the other. The dispute is centred on the retail creditors of the privately owned (since 2003) Icelandic bank Landsbanki, which offered online savings accounts under the "Icesave" brand. The bank was placed into receivership by the Icelandic Financial Supervisory Authority (FME) on 7 October 2008. As a result, more than 400,000 depositors with Icesave accounts in the UK and the Netherlands were unable to access their money for at least 6 to 8 weeks, while waiting for payout from the Deposit Guarantee Schemes in these countries. Much of the public controversy arose around the UK's use of the "anti-terrorism legislation" against Iceland.
Read more about Icesave Dispute: Icesave, Kaupthing Edge, Collapse of Landsbanki, Freezing of Assets in The UK, Reaction, Legal Arguments, Case E-16/11 - EFTA Surveillance Authority V Iceland
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“Your next-door neighbour ... is not a man; he is an environment. He is the barking of a dog; he is the noise of a pianola; he is a dispute about a party wall; he is drains that are worse than yours, or roses that are better than yours.”
—Gilbert Keith Chesterton (1874–1936)