Slayer had grabbed the headlines after suing Iceland’s Secret Solstice Festival for withholding $133,000 owed to the band for their performance at the event. Back then, Slayer’s lawyer issued a statement, saying:
“In addition to having not paid the aforementioned claim, the representatives of the festival have retained 20 percent of Slayer’s income to pay withholding tax to the tax authorities.”
Since then, the festival promoters were sentenced to pay K2 Agency, who represents Slayer, the amount claimed by the band. However, the company went bankrupt and was sold to 3 separate entities.
Slayer will not be paid
It has been noted that one of the new owners, Live Events, was quick to say that all debts would be honored. However, in a new twist, Iceland’s National Court acquitted the new owners from having to pay the debt, by stating (via Metal Sucks):
“With regard to K2’s claims for damages, the National Court pointed out that there was a final judgment that Friðrik Ólafsson should pay the financial claim. K2 had received legal storage in an apartment owned by Friðrik to secure the claim and demanded the forced sale of the apartment to enforce the claim.”
“Therefore, the court did not consider that the financial claim of the agency company could be paid by Friðrik. It would not be timely to demand that Guðmundur and the three companies make the payments. Therefore, Guðmundur and the clubs Live events, L events, and Lifandi viðburðir were acquitted according to K2’s requirements at this time.”
There is still no information available on whether Slayer will try to appeal to the court’s decision in a new try to have the debt settled in their favor. We will have to see how this story develops. We will keep you updated.