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LOGOS

EFSTALEITI 5, 103 REYKJAVIK, ICELAND
Tel:
Work +354 540 0300
Fax:
Fax +354 540 0301
Email:
Web:
www.logos.is
London, Reykjavik

Iceland

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

LOGOS

LOGOS advised Byr Savings Bank on its financial restructuring following the client’s winding-up proceedings, and handled software company Meniga’s move to the UK and subsequent financing matters. Mandates are also undertaken by the firm’s London office, with several dual-qualified lawyers splitting their time between the two countries. Managing partner Helga Melkorka Óttarsdóttir and Gudbjorg Helga Hjartardottir lead the team, supported by the well-regarded Ólafur Sigurðsson and Erlendur Gíslason.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

LOGOS

The ‘pragmatic and solution-oriented’ team at LOGOS advised video game developer CCP on its $30m investment by New Enterprise Associates, and assisted Xantis with setting up a pharmaceutical business in Switzerland and acquiring Teva’s product portfolio. Guðmundur Oddsson is ‘responsive and commercial’, and Gudbjorg Helga Hjartardottir ‘always sees the bigger picture’; Benedikt Egill Árnason and Thorolfur Jónsson are also well regarded.

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Dispute resolution
Dispute resolution - ranked: tier 1

LOGOS

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.

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EEA and competition
EEA and competition - ranked: tier 1

LOGOS

The ‘proactive and responsive’ LOGOS represented De Nederlandsche Bank, owners of Icesave, regarding Icesave’s claim against Landsbanki for minimum repayment of the sum owed by Landsbanki after its collapse; the case has been referred to the Luxembourg EFTA court. It also has experience in merger control and competition litigation. Managing partner Helga Melkorka Óttarsdóttir and senior associate Halldór Brynjar Halldórsson are key members.

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Employment
Employment - ranked: tier 1

LOGOS

LOGOS represented smelting company Rio Tinto Alcan á Íslandi in obtaining two injunctions against a trade union strike against the client, and advised on the negotiations of the collective agreement reached between the two parties. It also assists Actavis and Nordural Grundartangi with employment litigation. Practice head Ólafur Eiríksson and Ragnar Tómas Árnason are key contacts.

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Maritime and transport
Maritime and transport - ranked: tier 1

LOGOS

LOGOS is representing all salvagers in a reward claim against the owners of Samskip-Akrafell under the Icelandic Maritime Act, and advised the Shipowners P&I Club on the salvage operation for Perla after it sank in Reykjavik port. Other clients include Vatryggingafelag Islands, Eimskip and Faxafloahafnir. Einar Baldvin Axelsson is well regarded, as is Erlendur GĂ­slason.

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Real estate and construction
Real estate and construction - ranked: tier 1

LOGOS

The ‘pragmatic and solution-oriented’ team at LOGOS assisted Mjolnisholt with the sale of its real estate portfolios to Reginn, valued at ISK4bn. The firm has also been assisting Iceland Drilling with its multi-jurisdictional geothermal well drilling sites, including negotiating agreements. Other clients include Nordural Helguvik, Landsnet and Islenskir adalverktakar. HjördĂ­s HalldĂłrsdĂłttir heads the practice, which also includes construction expert Erlendur GĂ­slason and real estate transactions expert Benedikt Egill Árnason.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

LOGOS

LOGOS has ‘versatile, commercially minded lawyers providing a good level of service’. It advised Akin, which represents a group of bondholders, on several claims against the estates of the three failed Icelandic banks. Byr, Baugur Group and the municipality of Reykjanesbaer are also clients. Key contacts in the practice are Óttar PĂĄlsson and Ólafur Arinbjörn SigurĂ°sson.

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TMT and IP
TMT and IP - ranked: tier 1

LOGOS

In 2016, LOGOS advised on data protection, licensing agreements and IT outsourcing for clients in the fintech, healthcare and hospitality industries. It is also proficient in IP litigation, and is representing Siminn in a dispute against Vodafone Iceland concerning the defendant’s distribution of Skjarinn, the client’s television channel. Practice head HjördĂ­s HalldĂłrsdĂłttir and Árni VilhjĂĄlmsson are key contacts.

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Further information on LOGOS

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Iceland

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