Chief Minister Tony Brown has told Tynwald there remains a degree of confusion over what powers were used by the UK government to seize the £550 million of Kaupthing Singer and Friedlander Isle of Man funds.
Speaking in response to a question from Onchan member Peter Karran, he admitted the situation was far from ideal but currently they had their hands tied.
Celebration of Island's 'incredible' women returns for second year
More than 140 people gather for Elevate You Awards
Slight increase in number registered unemployed
324 Manx residents looking for work in August
More communication needed between government and small businesses
Douglas shop owner says he's only been visited by one prospective MHK
Business owners calling for 'wider conversation' around VAT threshold
Fly-Fit says reaching the £90K taxable turnover means they have to increase customer prices
