News Mar 31, 2010

2010 IACC Conference Report

The 2010 IACC Conference focused on Iceland’s economy, the renewable energy industry, and the recent Icesave negotiations. Panelists included Dr. Gylfi Magnusson, Ministry of Economic Affairs in Iceland; Mr. Mark Flanagan, IMF Mission Chief for Iceland; Mr. Asgeir Margeirsson, Magma Energy Iceland; Mr. Arni Magnusson, Islandsbanki; and Mr. Lee C. Buchheit, Cleary Gottlieb Steen & Hamilton LLP.

The conference chair was Mr. Olafur Johann Olafsson, Chairman of the IACC.

Conference Sponsors: Islandsbanki & Magma // IACC Corporate Sponsors:  Icelandair, Össur, Century Aluminum, ALCOA, Actavis, Icelandic USA, Inc. and Eimskip

Conference: Thursday, April 8, 2010
Scandinavia House, 58 Park Avenue at 38th Street in New York
Registration and continental breakfast begins at 8:15 a.m.
Conference program: 9:00 a.m. – 1:15 p.m.

Please find attached the conference brochure.

Conference Program

8:15 a.m. to 9:50 a.m.
Registration and light breakfast

9:00 a.m. – Opening Remarks
Mr. Olafur Johann Olafsson, Executive Vice President, Time Warner, and Conference Chair, Chairman of IACC

9:10 a.m. to 10:10 a.m.
Session I: The Icelandic Economy and Outlook
Dr. Gylfi Magnusson, Minister, Ministry of Economic Affairs in Iceland
Mr. Mark Flanagan, Deputy Division Chief, IMF’s European Department, Mission Chief for Iceland

Panel discussion with Dr. Magnusson and Mr. Flanagan. Moderator: Mr. Kjartan Olafsson, Director, Business Development, Bertelsmann Inc.

10:10 a.m. to 10:30 a.m.
Networking break

10:30 a.m. to 11:20 a.m.
Session II: Renewable Energy: Iceland and the U.S.
Mr. Ásgeir Margeirsson, CEO and President, Magma Energy Iceland
Mr. Árni Magnússon, Executive Director, Sustainable Energy, Islandsbanki

Panel discussion with Mr. Margeirsson and Mr. Magnusson. Moderator: Mr. Gunnar Birgisson, Senior Attorney, NextEra Energy Resources, LLC

11:20 a.m. to 12:00 p.m.
Session III: Icesave: Icesave Negotiations
Mr. Lee C. Buchheit, Cleary Gottlieb Steen & Hamilton LLP

12:10 a.m. to 1:00 p.m.
Networking Luncheon