The second referendum on the Icesave bill was held on 9 April. The details of the question asked are provided here. They state:

The question put in the referendum will be as follows:

The Act No. 13/2011 provides for authorisation to the Minister of Finance to approve the agreements which were signed in London on 8 December 2010 on guarantees for reimbursement by the Depositors’ and Investors’ Guarantee Fund of Iceland to the governments of the UK and the Netherlands of the cost of minimum insurance to the holders of deposits in the branches of Landsbanki Íslands hf. in the UK and the Netherlands and the payment of the instalments and interest on those obligations.

The Act was passed by the Althingi on 16 February 2011, but the President of Iceland withheld his approval of it.

Should the Act No. 13/2011 remain in force?

The reply options will be:
Yes, it should remain in force.
No, it should become void.

Well, it seems as if the people have voted ‘no’. Indeed, according to the figures here, it seems as if only one of the country’s six electoral districts voted ‘yes’.

The effect is that the negotiations will go to the courts.