#A to Z BBC Help Terms of Use BBC Accessibility links * Skip to content * Skip to local navigation * Skip to bbc.co.uk navigation * Skip to bbc.co.uk search * Help * Accessibility Help BBC News Nottingham * Home * UK * Africa * Asia * Europe * Latin America * Mid-East * US & Canada * Business * Health * Sci/Environment * Tech * Entertainment * Video * England * Northern Ireland * Scotland * Wales * UK Politics * Education 29 October 2011 Last updated at 16:22 GMT Share this page * Delicious * Digg * Facebook * reddit * StumbleUpon * Twitter * Email * Print Nottingham City Council expects Icelandic investment to be returned Landsbanki logo The council had £11m invested with Landsbanki, one of three Icelandic banks that failed Continue reading the main story Related Stories * Iceland's former PM goes on trial * UK and Netherlands to sue Iceland * Council recoups Iceland bank cash Nottingham City Council has said it expects to get back most of the £41m it invested in Icelandic banks following a victory in Iceland's Supreme Court. The council had deposited the money in three Icelandic banks which collapsed in 2008. The court ruled on Friday that UK councils with money in Landsbanki and Glitnir banks were to be given priority creditor status. Councillor Graham Chapman said he was delighted with the court ruling. The council said it expected to get back 100% of the £11m from Landsbanki and 98% of the £15m from Glitnir now that it had been given priority status. Mr Chapman, the city's deputy leader, said: "This judgment means that Nottingham City Council's claims have been recognised as deposits with priority status over other creditors' claims. "This means we will be paid first when it comes to getting our money back and will recover almost all of the money we had on deposit with the failed Icelandic banks." Under Icelandic law, preferred creditors should receive a full payout before any other creditors are paid. More on This Story Related Stories * Iceland's former PM goes on trial 05 SEPTEMBER 2011, BUSINESS * UK and Netherlands to sue Iceland 10 APRIL 2011, BUSINESS * Council recoups Iceland bank cash 27 OCTOBER 2010, NOTTINGHAM Related Internet links * Kent County Council The BBC is not responsible for the content of external Internet sites Share this page * Delicious * Digg * Facebook * reddit * StumbleUpon * Twitter * Email * Print BBC Nottingham * Flooding in an East Yorkshire street 200,000 homes 'at flooding risk' The Association of British Insurers estimates that up to 200,000 flood-prone homes could face insurance problems next year. ______________________________________________________________ * Civil War centre bid step closer * Lee Hughes on sex assault charge Travel News * Latest road incidents, public transport information and live traffic jam cameras near you Weather Nottinghamshire Tuesday day weather White Cloud * White Cloud * Max: 2°C * Min: -1°C * Wind: ENE 8mph Things To Do RUN BY THE BBC AND PARTNERS * Richard Herrod Centre Health Walk WED 1 FEB Richard Herrod Centre Health… Gedling Borough Council * Arnot Hill Park Health Walk THU 2 FEB Arnot Hill Park Health Walk Gedling Borough Council See Nottingham Activities > Find activities near you Town, city, postcode Search * BBC Radio Nottingham Live * BBC Nottingham Sport Top Stories * Soldiers in Free Syrian Army in Damascus (27 Jan 2012) UN action 'could spur Syria war' * Euro unemployment hits new record * Search of cruise ship abandoned * Republican rivals in Florida vote * French win India fighter jet deal Features & Analysis * Model cars and houses Golden salary What do people earning £1m ($1.5m) spend it on? ______________________________________________________________ * Planet Earth Planet mass Do rockets fired into space make the Earth lighter? ______________________________________________________________ * Occupy DC protesters shout slogans Day in pictures 24 hours of news photos from around the world ______________________________________________________________ * A foreclosure (repossession) sign in front of a house Money talks Has wealth become a liability in the US Republican race? ______________________________________________________________ Most Popular Shared 1. 1: Brits barred from US after tweet 2. 2: Skin transformed into brain cells 3. 3: Policeman who became a pole-dancer 4. 4: How 'Europe' became a dirty word in US election 5. 5: Pythons link to mammals decline Read 1. 1: Brits barred from US after tweet 2. 2: F1 driver Adrian Sutil convicted 3. 3: French win India fighter jet deal 4. 4: Navy sends destroyer to Falklands 5. 5: What do people on £1 million salaries do with their money? 6. 6: Search of cruise ship abandoned 7. 7: Pythons link to mammals decline 8. 8: Snake bursts after gobbling gator 9. 9: Is the Earth getting lighter? 10. 10: Euro unemployment hits new record Video/Audio 1. 1: Europe struggles in grip of snow Watch 2. 2: 'Shame on you Simon Cowell' Watch 3. 3: One-minute World News Watch 4. 4: Beijing's pole-dancing former policeman Watch 5. 5: One way to find a rich Russian husband Watch 6. 6: How computers help Sweden's ice sculptors Watch 7. 7: Mystery illness at US high school Watch 8. 8: Fear factor: The science behind America's red/blue divide Watch 9. 9: How to play 'kung fu' piano Watch 10. 10: Life after death faces legal battle Watch Elsewhere on BBC News * India's Tirupati Temple. 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