From the fall out of the banking disaster when several Iceland banks collapsed and a lot of funds held by British companies and councils just vanished, the UK and Netherlands are going to sue Iceland (the country, not the fast food chain) for the money back.
For the Uk, this amounts to approximately £2.3bn. This will be after the Iceland nation rejected a proposal to repay debts and so this one will go to the international courts to decide how much should be repaid, if at all.
Somehow I can see the cost of the court case coming to the same amount as possibly given back in repayments as I doubt it will be the full amount.
More on the story here.