Dispute resolution in Iceland
With their ‘exceptional support and superb knowledge’, the lawyers at Juris focus on commercial and financial litigation, among other matters. The team represents Kaupþing Bank in civil proceedings for the recovery of funds lost due to alleged criminal conduct prior to the 2008 financial collapse. Following the successful representation of Kaupþing against claims brought by AB76, Andri Árnason and Stefán A. Svensson are currently assisting the bank with handling further claims regarding its alleged market abuse. Other work includes defending Borgun hf. against claims alleging abuse of a dominant position and collusion, as well as defending Íslandspóstur (Iceland Post) against an alleged market abuse claim brought by Póstmarkaðurinn. Simon Knight stands out for his 'strong cross-border dispute resolution skills'.
The litigation, arbitration and dispute resolution team at Lex Law Offices handles a large volume of contentious work. The department is jointly headed by Kristín Edwald and Arnar Thor Stefansson. The former led on acting for insurance company Sjóvá-Almennar tryggingar in a number of cases regarding tort and insurance matters, as well as defending Magnús Guðmundsson, the former CEO of Kaupthing Bank Luxembourg, in proceedings brought as a result of the 2008 financial collapse. Stefánsson represented the claimant Ferskar Kjötvörur in a highly publicised Supreme Court case against the Icelandic government, which successfully challenged an importation ban on fresh meat that is currently in force. Other clients include Reynivellir, general engineering and consulting company Efla and the Icelandic state. Áásgerður Ragnarsdóttir and Aðalsteinn Jónasson left the firm to accept judicial positions. Vidir Smári Petersen joined from his own firm.
At LOGOS, Helga Óttarsdóttir and senior associate Halldór Brynjar Halldórsson represent Norvik and Byko in the high-profile appeal of the Icelandic Competition Authority's decision regarding an alleged cartel. Practice head Ólafur Eiríksson is leading the team in defending Valitor against a claim regarding a payment gateway, where funds were collected for the whistle-blowing site WikiLeaks. Hjördís Halldórsdóttir represents Síminn in a case against Fjarskipti (Vodafone Iceland) challenging the legitimacy of an injunction in a wider dispute concerning the distribution of a television station owned by the client.
The lawyers at Réttur – Adalsteinsson & Partners are ‘experienced, service oriented and spend time in understanding the detail of the issues in question’, thereby forming ‘an extremely strong team’. The firm places a core emphasis on litigation and represents clients including Commerzbank and BNP Paribas. Highly regarded practice co-head Ragnar Aðalsteinsson represents Guðjón Skarphéðinsson in a widely publicised criminal case concerning the disappearances of Guðmundur Einarsson and Geirfinnur Einarsson. Fellow co-head Sigurður Örn Hilmarsson and Sigrún Ingibjörg Gísladóttir are defending Icelandic Water Holdings in a case concerning the infringement of trade mark rights brought by iGwate before the District Court.
The dispute resolution department at ADVEL Attorneys at Law is headed by Guðmundur Siemsen, who was instructed by SMI ehf. in a complex case concerning contractual obligations filed by Hagar, owner of large Icelandic retail food stores Bonus and Hagkaup. Other clients include Vodafone and Arion Bank. Kristinn Hallgrímsson and Stefan Þór Ingimarsson are also key contacts.
Headed by Baldvin Björn Haraldsson and Atli B. Þorbjörnsson, the team at BBA//Fjeldco specialises in dispute resolution matters related to the banking and insurance sectors. The firm is handling multiple ongoing issues related to the 2008 banking collapse for clients including Swiss Life, Financial Services Compensation Scheme and Axis Specialty Europe Underwriters. Following its 2019 merger with Fjeldsted & Blöndal, Þórir Júlíusson and Hafliði Kristján Lárusson also contribute to the practice.
Jonsson & Hall focuses on litigation in the fields of labour and banking law. Gestur Jónsson represents a number of individuals in white-collar crime cases initiated in the aftermath of the financial crisis. Geir Gestsson acted for UBS and for other clients in a series of rescission cases brought pursuant to the Bankruptcy Act. Hörður Felix Harðarson focuses on competition law matters, representing clients before the Icelandic courts and the Icelandic Competition Authority.