uppbyggingargjöldum
Uppbyggingargjöldum is a financial concept in Icelandic law that allows for the reinstatement of a community or a group of people to a more prosperous state. The term is derived from the Icelandic words "uppbygging" meaning development or progress, and "gjöldum" which translates to debts or financial burdens. In essence, Uppbyggingargjöldum is a scheme that helps to distribute and lower the overall financial burden on community members or a specific group.
Under this provision, any losses or unpaid debts accumulated by a community or group during a specific
Uppbyggingargjöldum is primarily intended to address situations where a community or group has been heavily indebted