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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Iceland > Dispute resolution > Law firm and leading lawyer rankings


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With ‘an arsenal of strategic and legal toolsJuris’ dispute resolution practice provides ‘excellent and timely legal advice’. The team acted for former employees of Kaupthing Bank in market manipulation proceedings. Led by Stefán A. Svensson it also represented the bank in claims brought by AB76 exceeding ISK1bn. Andri Árnason and Simon Knight are recommended for their ‘strong experience and strategic insight’.

The team at Landslog – Law Offices successfully represented HS Orka before the Arbitration Institute of the Stockholm Chamber of Commerce in complex proceedings concerning a power purchase agreement. Grimur Sigurdsson defended Kaupthing’s former CEO in criminal proceedings for market manipulation and represented Kaupthing’s winding-up committee in over 30 rescission claims against numerous international financial institutions. Jóhannes Karl Sveinsson is highly regarded with considerable experience before the Supreme Court of Iceland and the EFTA Court.

Lex Law Offices’ disputes practice defended the former CEOs of Kaupthing Bank and Kaupthing Luxembourg as well as a Kaupthing shareholder in widely reported embezzlement proceedings. In another highlight, the ‘outstandingArnar Þór Stefánsson represented Ferskar Kjötvörur before the Supreme Court in challenging the Icelandic government’s import ban on fresh meat. Practice head Kristín Edwald is a key contact in insurance and tort litigation and leads representation of Sjova-Almennar in several disputes.

The LOGOS team is a ‘leader in the field of dispute resolution’. It represented a group of investors enforcing their claims under a Subordination Agreement against ISIS Investments, a subsidiary of Kaupthing Bank in the Isle of Man. Practice head Ólafur Eiríksson has expertise in white collar crime and bankruptcy law. Clients also include Deutsche Bank in claw back claims, as well as Valitor and UBS.

The ‘target-orientated’ dispute resolution practice at Réttur – Adalsteinsson & Partners provides the ‘highest level’ of legal service. Sigurður Örn Hilmarsson and senior associate Sigrún Ingibjörg Gísladóttir, who are both ‘very talented’, successfully defended Icelandic Water Holdings in a €15m trade mark dispute. Ragnar Aðalsteinsson, who is joint head of the team alongside Hilmarsson, is described as ‘one of the best litigators in Iceland for decades’.

The team at ADVEL Attorneys at Law, headed by Guðmundur Siemsen, is regarded for its ‘professional approach to coordination and management of cross-border disputes’. It is defending Kaupfelag Skagfirdinga before the District Court in alleged abuse of dominance proceedings. Kristinn Hallgrímsson represents convenience store 10-11 in a dispute concerning the trade mark ‘Inspired by Iceland’ valued at ISK950m. Clients also include Strætó, Vodafone and the Icelandic government.

BBA’s dispute resolution practice, headed by Baldvin Björn Haraldsson, has particular experience in banking and insurance sectors. It represents several banks including Banco Santander and KAS Bank in rescission claims from Landsbanki and Kaupthing in winding-up proceedings, respectively. It is instructed by the UK Financial Services Compensation Scheme (FSCS) against Heritable Bank, a Scottish subsidiary of the failed Landsbanki, in relation to deposit guarantees, as well as for the FSCS in potential EFTA Court proceedings.

Jonsson & Hall represented the former CEO of Baugur Group before the European Court of Human Rights which found that Icelandic authorities were in breach of human rights law for bringing both criminal and tax proceedings for the same offence. The team also successfully defended UBS in rescission claims brought by Kaupthing. Hörður Felix Harðarson is a key contact in competition disputes and, alongside Geir Gestsson, represented several employees accused of price collusion.

The dispute resolution team at Atlantik Legal Services represented Brim in a large derivative dispute against Glitnir HoldCo. Joint practice heads, Bogi Guðmundsson and Eiríkur Elís Þorláksson were instructed by ET sjón in a damages claim of more than ISK300m for the alleged negligent investment advice provided by Virðing.

Fjeldsted & Blöndal’s practice represented LBI in a ISK83bn damages claim for alleged actions and omissions in auditing and reviewing the interim financial statements of Landsbanki Íslands. Key contacts include practice head Þórir Júlíusson for complex litigation and Hafliði Kristján Lárusson for international arbitration.

The practice at Mandat Law Firm includes five Supreme Court attorneys, including Ástráður Haraldsson. It has represented clients across a range of disputes, including employment, intellectual property, insolvency and criminal matters.

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