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  1. Dispute resolution
  2. Leading individuals

Leading individuals

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Who Represents Who

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Juris continues to represent Arion Bank, Íslandsbanki and Landsbankinn in foreign currency linked loan cases, and is acting for the former employees of Kaupthing Bank in market abuse and abuse of authority cases relating to Kaupthing’s purchase and sale of its shares. The ‘outstanding’ Andri Árnason and Stefán A Svensson are well regarded.

Landslog – Law Offices ‘takes a robust, sensible approach’ towards cases. It is representing Kaupthing’s former chief executives in criminal proceedings concerning accusations of market manipulation, and continues to act for Kaupthing’s winding-up committee in over 30 rescission cases against international financial institutions. ViĂ°ar LĂșĂ°vĂ­ksson is the main contact for insurance disputes; GrĂ­mur SigurĂ°sson is also well regarded.

Lex Law Offices is defending Silicor Materials against claims brought by a group of individuals that the client’s silicon plant in Iceland should be assessed for its environmental impact. It also represented two defendants in a case concerning violations of the Icelandic Currency Act. Practice head Aðalsteinn Jónasson and Arnar Þór Stefánsson are recommended. Karl Axelsson left his practice to join the judiciary.

LOGOS, described as ‘second to none in the Icelandic market’, is defending Deutsche Bank in Icelandic law clawback claims valued at €509m relating to leveraged credit-linked notes in Iceland and the UK. De Nederlandsche Bank, Norvik and Byko are also on the roster. Ólafur Eiríksson heads the team, which also includes Heiðar Ásberg Atlason and Einar Baldvin Axelsson.

RĂ©ttur – Adalsteinsson & Partners is representing multiple foreign creditors of the collapsed Icelandic banks concerning disputed derivatives positions, and has undertaken several human rights cases in 2016. FriĂ°rik ÁrsĂŠlsson was promoted to partner, joining KĂĄri HĂłlmar Ragnarsson, whose ‘knowledge and experience in international regulation is invaluable’, and SigurĂ°ur Örn Hilmarsson.

ADVEL Attorneys at Law defended DKK Invest APS in a dispute with DKK, a former subsidiary of the client, concerning consolidated accounts. Atorka Group, Advania Group and Air Atlanta are also clients. Anton Björn MarkĂșsson, JĂłn Ögmundsson and GuĂ°mundur Siemsen are key contacts.

BBA represented Liberty Syndicate Management in several insurance-related disputes, and acted for SjĂłklĂŠĂ°agerĂ°in in cases before the Supreme Court of Iceland concerning the restructuring of 66°N. Baldvin Björn Haraldsson is ‘versatile and commercially minded’.

Jonsson & Hall undertakes a range of litigation and arbitration mandates. Ragnar Halldór Hall was made of counsel; Gestur Jónsson and Hörður Felix Harðarson are also in the team.

The ‘responsive and knowledgeable’ team at Atlantik Legal Services represented Officine Maccaferri in a dispute concerning the construction of an avalanche protection system in Bolungarvík. Eiríkur Elís Þorláksson and managing partner Bogi Guðmundsson lead the team.

Mandat Law Firm are adept at handling employment disputes and have experience in both the Supreme Court and District Court of Iceland. Ástråður Haraldsson is a key contact.

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