High Court considers Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008

Purpose – The purpose of this paper is to report and comment on the High Court ruling on Icelandic bank's challenge to HM Treasury's use of emergency powers during 2008. Design/methodology/approach – The paper outlines the facts surrounding the case and comments on the decision. Findings – The High Court disagreed that the claimant's view of events accorded with the way the treasury in fact acted. Originality/value – This appeal shows how two very differently motivated, yet equally well‐intentioned, regulatory regimes can come into conflict.