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309 Iceland Legal Challenge to the Fisheries Quota System The economy of Iceland depends heavily on fisheries. Fish products account for close to 80 per cent of all goods exported. Understandably, authorities in Iceland have made every effort to keep the fish stocks in Icelandic waters at sustainable levels. To this end, they have created a fisheries management system which is a comprehensive system of individual transferable quotas with an almost total freedom of transferability. The system has attracted worldwide attention as a model for sustainable management mechanism in fisheries. This fisheries management system has enjoyed general support in Iceland. However, as the value of the quota shares has increased, equity questions, related to the distribution of these entitlements, have become more pressing.' The case discussed in this note stems from such concerns. Mr Johannesson, a journalist who believed the distribution of the quota shares was unfair and unconstitu- tional, went to court and challenged the system. The case attracted widespread attention in Iceland, late last year, when the Supreme Court of Iceland made a decision in favour of the plaintiff and thus forced the authorities to reconsider the legal basis of the fisheries management system. The History
The International Journal of Marine and Coastal Law – Brill
Published: Jan 1, 1999
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