Icelandic banks played the carry trade too, and foreign banks followed suit by creating «glacier bonds,» which were repackaged
Icelandic bonds sold to investors outside the country.
James Norris - Jones Qualified: 2003 Made partner: 2012 Key cases: Advising UBS in relation to several matters including a series of
bond rescission claims brought by the failed
Icelandic banks Kaupthing, Glitnir and Landsbanki; advising UBS in relation to a confidential mis -
selling claim; HSF's client relationship partner for RBS.