Al Jazeera English’s Listening Post has an excellent film about the new Icelandic Modern Media Initiative (IMMI) proposal, which, if successful, could make Iceland an investigative journalism haven.

• Read more about IMMI here: http://immi.is/?l=en: “The goal of the IMMI proposal is to task the government with finding ways to strengthen freedom of expression around world and in Iceland, as well as providing strong protections for sources and whistleblowers. To this end the legal environment should be explored in such a way that the goals can be defined, and changes to law or new law proposals can be prepared. The legal environments of other countries should be considered, with the purpose of assembling the best laws to make Iceland a leader of freedoms of expression and information.”

• Wikileaks.org, which helped draft the law, also has more information here (its site currently has restricted content, as it prepares for relaunch and seeks more funds).

In the Listening Post film, which also features Index on Censorship news editor Padraig Reidy, Wikileaks’ editor Julian Assange explains IMMI’s limits as well as its potential: “It’s important to remember that the IMMI appears to be a good bullet, but it’s not a magic bullet, so there will be many cases where there is brutal suppression of the press that IMMI doesn’t have substantial effect on.”

IMMI’s proponents hope new legislation will help change tough libel laws around the world, with a “ripple effect” in the EU and beyond.