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.
RTLC defends taxi tariff changes
Prices have gone up and a higher overnight rate is now implemented from 11pm
King Gaming's license suspended amidst criminal investigation
Gambling Supervision Commission publishes statement
Ministers to meet with LVA to discuss hospitality concerns
Comes after concerns raised about the issues facing the industry
Looneys of Ramsey to close
Number of factors behind the decision
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
