The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
BORGARTÚN 26, 105 REYKJAVÍK, ICELAND
Tel:
Work +354 520 2900
Fax:
Fax +354 520 2901
Email:
Web:
www.landslog.is

Vidar Ludviksson

Tel:
Work (+354)5202900
Email:
Landslog – Law Offices

Work Department

Corporate, Commercial, M&A, Contracts, Insurance and Tort.

Position

Partner at Landslog Law Offices.  Main focus on Corporate and Commercial Law, M&A, Insurance and Tort.

Recent work:

- Vidar was sole legal advisor to FAST-1 slhf. when the company signed Heads of Terms in November 2017 for its sale to Reginn hf. (a listed company) of two subsidiaries, which owned a significant number of real-estate in Iceland, among them one of the largest office buildings in Iceland. The enterprise value of the transaction is EUR 185,000,000, which is the largest single real-estate transaction in Iceland in 2017.  Vidar is currently working with FAST-1 slhf. on the next steps of the deal, including the purchase agreement.

- Vidar advised SMI ehf. in the summer of 2016 when SMI ehf. purchased all shares in Korputorg ehf., which is the owner of the Korputorg Shopping Center in Reykjavík. Korputorg is over 45 thousand square meters and is one of the largest commercial buildings in Iceland. In the fall of 2016 SMI ehf. sold all shares in Korputorg ehf. to Kristinn ehf. Vidar Ludviksson at Landslog was SMI ehf.'s sole legal advisor on both transactions (purchase and sale).  Apparently these were the largest single real-estate deals in Iceland in 2016.

- In the beginning of 2017 Vidar advised Vodafone Iceland (i.e. Fjarskipti hf., which is listed on the Icelandic Nasdaq stock exchange) on the purchase of most all assets and operations (including TV content agreements with foreign providers) from 365 midlar hf. Among the purchased assets and operations are all telecom, Internet, TV and radio broadcasting operations (including the television stations Stod 2, Stod 2 Sport, Stod 3 and Biorasin Movie Channel, and the radio stations Bylgjan, FM957 and X-id) and the news and sports website visir.is.  Vidar also supervised the legal due diligence review on 365 midlar hf. and was Vodafone Iceland's sole legal counsel in relation to the purchase agreement and other relevant documents pertaining to the transaction.  Landslog also manage the notification of the transaction to the Competition Authorities. This is the largest telecom and broadcasting asset purchase transaction ever in Iceland, with a value of around 69 million Euros.

- In April 2017 Vidar advised Hagar hf. (which is listed on the Icelandic Nasdaq stock exchange and which is Iceland’s largest retailer) on the purchase of all shares in the oil company Oliuverzlun Islands hf. The value of the deal is around 133 million Euros.  Landslog also carried out the due diligence review of the target and manage the notification of the transaction to the Competition Authorities.  The deal is considered a landmark in M&A deals in Iceland and marks the potential beginning of retailers moving into the gas and oil market in Iceland, as several similar (but much smaller deals) followed.


Vidar has provided legal services for several foreign companies and law firms, such as Apple Inc., Barlow, Lyde and Gilbert LLP and Milbank, Tweed, Hadley & McCloy LLP, USA.  Vidar has also worked with Freshfields Bruckhaus Deringer LLP, London, on numerous issues, many of which pertain to the administration of Heritable bank and Kaupthing Singer & Friedlander in England.  Vidar was in the team of three attorneys at Landslog hired by the Ministry of Finance in 2009 to assist in the restructuring of the “new” Icelandic banks and to assist in the negotiations between the “old” banks and the newly incorporated state-owned banks on the compensation for the transferred assets and liabilities.  U.K. based insurers and reinsurers hired Vidar to handle claims made against them under D&O policies purchased by Landsbanki Íslands hf. The ongoing cases (which were lodged in 2011 and 2012) are landmark cases with regard to D&O insurance practice in Iceland and are among the largest and most complex in Icelandic civil procedure.  They are followed closely by the U.K. insurance market. 

Career

Partner at Landslog Law Offices.  Managing partner 2005-2006.
Lecturer at the Icelandic Bar Exam. Lecturer at the Law Faculty of the Reykjavik University.  Vice Chairman of the Appeals Committee of Electricity (Ministry of Industry and Innovation).  Board member of Sendafelagid ehf. (Chairman 2015-2018).

Languages

Icelandic, English, Danish.

Member

Icelandic Bar Association, Supreme Court Attorney.

Education

University of Iceland, cand. jur. 1997.  Studied at the Law Faculty of the University of Aarhus, Denmark, in 1996.  Stanford Law School, LL.M. (Corporate Governance and Practice) 2007.

Leisure

Photography, traveling, hiking, bicycling.


Iceland

Banking, finance and capital markets

Within: Leading individuals

Viðar Lúðvíksson - Landslog – Law Offices

Within: Banking, finance and capital markets

Landslog – Law Offices’ team is experienced in dealing with banking and finance disputes and defends the winding-up board of Kaupthing in claims from Spron. The practice also advises the Financial Supervisory Authority on the implications of the 2010 Supreme Court ruling on the illegality of foreign currency loans to the financial sector. Johannes Sveinsson and Viðar Lúðvíksson are key contacts.

[back to top]

Commercial, corporate and M&A

Within: Commercial, corporate and M&A

Landslog – Law Offices’ M&A team advised Hagar on the €133m acquisition of Oliuverzlun Islands. Vodafone Iceland and SMI are both clients. Viðar Lúðvíksson is a key contact.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to