Dispute resolution in Iceland

Juris

The ‘strong team’ at Juris handles high-end disputes across the fishing, telecoms, private investment and pharmaceuticals sectors, and is noted for its expertise in cross-border financial litigation and asset recovery cases. A recent highlight for the practice included representing Huginn in a claim against the Icelandic government relating to the distribution of mackerel quotas. Supreme Court attorneys Andri Árnason and Stefán A. Svensson jointly lead the team have considerable experience in contentious competition law mandates. State departments, municipalities and leading domestic companies are on the group’s key roster of clients.

Practice head(s):

Andri Árnason; Stefán A. Svensson

Other key lawyers:

Andri Andrason

Testimonials

‘Very strong team with exceptional skill.’

‘Stefán A Svensson stands out from other competitors. He is very professional and is an outstanding litigator. He has good communication skills and is very reliable.’

‘Client relationship, competence and trust.’

Key clients

Kaupþing ehf.

Ísloft blikk og stálsmiðja ehf.

Kvika banki hf.

Íslandspóstur hf.

RÚV ohf.

Síminn hf.

Municipality of Garðabær

Icelandic Ministry of Finance and Economic Affairs (fjármála og efnahagsfráðuneytið)

Míla ehf.

Municipality of Ísafjörður

Grensásvegur 16a

Eimskip Ísland ehf.

Huginn ehf.

Landsbankinn hf.

Work highlights

  • Representing Landsbankinn in a claim brought by the Bank Employees’ Pension Fund regarding the pension fund’s losses and certain future liabilities.
  • Representing Huginn ehf. in a successful claim against the Icelandic government relating to the distribution of mackerel quotas.
  • Represented Kvika banki hf. and the municipality of Garðabær in a claim for damages by the owners and residents’ association of a new-build apartment building.

Lex Law Offices

Lex Law Offices’ litigation, arbitration and dispute resolution practice demonstrates a ‘high level of expertise’, with several Supreme Court attorneys and a track record in high-end cases before the Supreme Court of Iceland. The team’s diverse client roster includes major commercial and investment banks, including Arion Bank and Landsbankinn, and other financial institutions, as well as government departments and domestic companies. Kristín Edwald, who specialises in insurance disputes, leads the practice alongside Arnar Þór Stefánsson, who acted as lead adviser to Samherji in an investigation by the Namibian and Icelandic authorities into alleged bribes and money laundering.

Practice head(s):

Kristín Edwald; Arnar Þór Stefánsson

Other key lawyers:

Garðar Víðir Gunnarsson

Testimonials

‘High level of expertise and good service orientation.’

Key clients

Arion Bank hf.

Samherji hf.

Landsbankinn hf.

EFLA Consulting Engineers

Nýr Landspítali ohf. (NLSH)

Frigus II ehf.

HS Orka ehf.

Sjóva-Almennar tryggingar hf.

Arnarlax ehf.

Kópavogur municipality

Work highlights

  • Representing the Ministry of Education, Science and Culture in a case challenging a decision of the Complaints Committee on Equality (Kærunefnd jafnréttismála).
  • Acting for Samherji hf. in the investigation by the Icelandic and Namibian authorities into the company‘s subsidiaries in Namibia and their activities there.
  • Representing Sjóvá-Almennar Insurance in a dispute where Arev NII, an investment fund, has made a £3.5m claim to the Directors and Officers Liability Insurance of Sjóvá.

LOGOS

LOGOS represents a roster of domestic and foreign clients across various industry sectors in high-end disputes including handling several derivatives claims resulting from financial instrument and claw back cases, as well as set-off claims in insolvency cases. The team is noted for its experience in corporate disputes and investigations brought by the tax and competition authorities, in addition to collaborating with the firm’s London-based office to handle cross-border financial claims. Heiðar Ásberg Atlason, who focuses on contentious bankruptcy matters, leads the practice and is supported by ‘outstanding’ competition specialist Helga Óttarsdóttir and Ólafur Eiríksson.

Practice head(s):

Heiðar Ásberg Atlason

Other key lawyers:

Helga Óttarsdóttir; Olafur Eiriksson; Hjördís Halldórsdóttir; Halldór Brynjar Halldórsson

Testimonials

‘Excellent dispute resolution and competences.’

‘Helga Óttarsdóttir has been our key contact for more than 10 years and she is all we can possibly ask for in a lawyer. She is outstanding.’

‘The strength of the LOGOS team is by far how well they are connected in the Icelandic market. Members of the team work very well together and share knowledge and experience in an excellent manner.’

Key clients

Morgan Stanley

Goldman Sachs

Siminn hf.

HSBC bank plc.

Marel hf.

Deloitte

Eimskipafelag Islands hf.

Arion banki

Icelandair ehf.

ÍAV hf.

Laxar fiskeldi ehf.

Norvik hf.

Securitas hf.

Landsbankinn

66 North Lux SARL

Kvika banki hf.

Vordur Insurance

MAST (The Icelandic Food and Veterinary Authority)

Íþróttafélag fatlaðra (Reykjavík Sports Association for the Disabled)

Lyf og heilsa

Árfoss

Saint Lawrence Aviation Leasing Ltd.

Avolon/CIT Aerospace Int.

RRPF Engine Leasing Ltd.

Work highlights

  • Represented Sigridur Elin Sigfusdottir before the District Court and Court of Appeals in a successful defence against a €66.3m claim brought by LBI ehf.
  • Representing HSBC Milan Branch in litigation valued at more than $30m relating to the winding up process of LBI ehf.
  • Handling civil case proceedings for Landsbankinn against Borgun hf., where the former claims that Borgun withheld information during a share sale process.

Réttur – Adalsteinsson & Partners

Réttur – Adalsteinsson & Partners’ caseload includes commercial litigation, high-profile disputes relating to freedom of speech, privacy rights and healthcare, as well as contentious IP matters; the team represented Icelandic Water Holdings against a €15m trade mark claim for damages brought by iGWater. Supreme Court attorney Sigurður Örn Hilmarsson jointly leads the practice group alongside Sigrún Ingibjörg Gísladóttir, who has experience representing clients before the European Free Trade Association Court. Claudie Ashonie Wilson is another key member of the team and focuses on immigration disputes.

Practice head(s):

Sigurður Örn Hilmarsson; Sigrún Ingibjörg Gísladóttir

Other key lawyers:

Claudie Ashonie Wilson

Key clients

Icelandic Water Holdings hf.

Efling

Reykjavik City Theater

Flux ehf.

Stígamót

Stundin ehf.

SÍBS and Reykjalundur

RSM Restructuring Advisory LLP

Fossatún ehf.

MAIF

Work highlights

  • Defended Icelandic Water Holdings in a €15m trade mark dispute.
  • Handling a claim for compensation for an individual who was wrongly convicted and assumed guilty for 40 years in a criminal case following the Supreme Court’s overturned judgment in 2017 where he was declared not guilty.
  • Advised RSM Restructuring Advisory LLP as the joint trustees of a high-profile UK businessperson’s estate in settling two Icelandic court cases with creditors, worth £326m.

ADVEL Attorneys at Law

ADVEL Attorneys at Law has experience representing a roster of domestic and international clients in high-end disputes before the district, EU and EFTA courts, and is noted for its experience in handling cases involving major financial institutions. Key clients include the Icelandic Government and Vodafone; the team is representing the latter in an appeal to the EFTA Court regarding a state aid decision adopted by the EFTA Surveillance Authority. Guðmundur Siemsen leads the group and is supported by EEA and EU law specialist Dóra Sif Tynes. Kristinn Hallgrímsson left the firm in 2021 to join Arta.

Practice head(s):

Guðmundur Siemsen

Other key lawyers:

Dóra Sif Tynes

Testimonials

‘The team has many years’ experience and very internationally orientated.’

‘Guðmundur Siemsen is very experienced and convincing in the court room. You feel reassured when he is on your team.’

Key clients

The Icelandic Government

Arion bank

Advania Group

SMI ehf.

N1 hf.

Mannvit Engineering

Stræto bs.

Air Atlanta

Vodafone

Askja

Work highlights

  • Representing Vodafone in an appeal to the EFTA Court of a state aid decision adopted by the EFTA Surveillance Authority.
  • Acted for Álfasaga ehf. in a case filed by Eldum rétt ehf., in relation to a dispute over trade marks.
  • Representing Brim in a number of employment disputes before the District Court and the Appeals Court.

BBA//Fjeldco

BBA//Fjeldco’s workload includes commercial litigation, representing Icelandic banks in damages claims, rescission claims and derivatives disputes, as well as real estate and shareholder arbitration proceedings. Thorir Júlíusson, who focuses on commercial, corporate and financial disputes, jointly leads the practice alongside Baldvin Björn Haraldsson, who has experience in representing banking clients before the Supreme Court and the EFTA Court. ‘Outstanding’ practitioner Haflidi Lárusson has the capabilities to act for clients in arbitration proceedings and handles IP disputes.

Other key lawyers:

Haflidi Lárusson

Testimonials

‘Hafliði Kristján Lárusson has been just outstanding. We are very pleased to work with him.’

‘Very good work and professional.’

Key clients

Origo hf.

This is City Attractions B.V

LBI ehf.

Geymslur ehf.

Eik fasteignafélag hf.

Securitas hf.

FI fasteignafelag slhf.

Mannverk

CRI ehf.

The Arbitration Institute of the Finland Chamber of Commerce

FSCS (Financial Services Compensation Scheme)

Harpa Concert Hall

Landslog – Law Offices

Landslog – Law Offices counts major banks, including Íslandsbanki, insurance companies, real estate companies, mackerel fisheries and telecoms businesses among its key roster of clients. The team’s workload includes a broad scope of disputes, ranging from administrative and bankruptcy proceedings to damage claims, infringement cases and shareholder disputes. Supreme Court attorneys Jóhannes Karl SveinssonJóhannes Bjarni Björnsson and Viðar Lúðvíksson jointly lead the practice group; Björnsson specialises in corporate litigation.

Practice head(s):

Jóhannes Karl Sveinsson; Jóhannes Bjarni Björnsson; Viðar Lúðvíksson

Other key lawyers:

Jón Gunnar Ásbjörnsson

Testimonials

‘The team at Landslog is efficient, knowledgeable and diversified in Icelandic law.’

Viðar Lúðvíksson has been our main attorney at the firm. He is an extraordinary professional in every sense, both extremely knowledgeable in law and has very valuable experience in the field. His extraordinary expertise and level-headed professional approach with a deep sense of ethics provided us with the best possible service during quite a challenging time.

‘My experience with the legal team at Landslog was that it was highly professional and dedicated to excellence. I would say that their most unique quality apart from professional skills would be the high level of communication skills and how attentive and responsive they were.’

Jón Gunnar Ásbjörnsson has been our lawyer for six years now and has excelled in every project for us. He is thoughtful, calm and efficient and has a way of focusing on what is important and what is not. We have the utmost trust in his work.

Key clients

Central Bank of Iceland

QBE International Insurance Ltd.

QBE Corporate Ltd.

Hagar hf.

Isavia (Icelandic Airport and Air Traffic Management)

Kaupthing hf.

University of Iceland Lottery

Íslandsbanki

Icelandic Prime Contractors – IAV

Work highlights

  • Acted for English insurers (QBE in particular) in claims made against them under D&O policies purchased by Landsbanki Islands hf., which entered winding-up proceedings in 2008 following the bank crisis.
  • Leading a class action on behalf of a group of shareholders in the collapsed bank Landsbanki against one of the bank’s former owners for allegedly deceiving and withholding information from the bank’s shareholders.
  • Representing an organisation of mackerel fisheries, which initiated court proceedings against the Icelandic state, aiming to overturn the state’s allocation of mackerel quota.