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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 > Restructuring and insolvency > Law firm and leading lawyer rankings


Index of tables

  1. Restructuring and insolvency
  2. Next Generation Partners: 1
  3. Leading individuals: Hall of Fame
  4. Leading individuals

Next Generation Partners: 1

  1. 1

Leading individuals: Hall of Fame

  1. 1

Leading individuals

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Who Represents Who

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Headed by¬†Einar Baldvin √Ārnason¬†and¬†Atli B. √ěorbj√∂rnsson, the 'very competent' corporate restructuring team at BBA¬†is involved in various ongoing claims that arose in the aftermath of the Icelandic banking collapse. Baldvin Bj√∂rn Haraldsson¬†led on advising the International Geothermal Association (IGA) on amendments brought to the IGA‚Äôs internal documents. √Āsgeir Ragnarsson¬†acted for Mastercard in bringing claims against Korta√ĺj√≥nustan¬†regarding issues arising from the bankruptcy of¬†Monarch Airlines. Recently promoted senior associate¬†T√≥mas √ě√≥rhallsson¬†is also noted.

Juris¬†focuses on insolvency litigation and provides corporate advice to troubled companies and their liquidators. Following its successful representation of Kaupthing regarding a priority claim filed by AB 76 in the winding-up proceedings of the bank, the firm is currently handling claims concerning the market behaviour of Kaupthing. The matter is handled by Stef√°n Svensson¬†and associate Andri √Ārnason, who are also acting for Kaupthing in ‚ā¨60m civil proceedings seeking recovery of funds. Halld√≥r J√≥nsson¬†led advice on the liquidation of I√įngar√įar. √ćslandsbanki remains another key client.

At¬†Lex Law Offices, practice head¬†Helgi J√≥hannesson¬†leads the ‚Äėhighly skilled‚Äô and ‚Äėexceptional‚Äô team in assisting with the high-profile financial reorganisation of¬†B230¬†as well as in acting as a trustee of its bankruptcy estate. Gudmundur Ingvi Sigurdsson¬†is valued for his ‚Äėprofessional¬†approach combined with the ability to directly tell clients the truth‚Äô¬†and partnered up with¬†Stef√°n Orri √ďlafsson¬†in advising¬†Central Bank of Iceland Asset Holding on liquidating the assets of SPB. Thorhallur Bergmann¬†is recommended for his work with various bankrupt estates.

With its sizeable insolvency and restructuring team, LOGOS¬†acts¬†on unprecedented restructuring matters¬†for a wide variety of clients. √ďlafur Arinbj√∂rn Sigur√įsson, assisted by¬†senior associate Ari Karlsson, was recently instructed by the municipality of¬†Reykjanesb√¶r to advise on its financial restructuring resulting from debts¬†incurred by the municipality. Hei√įar √Āsberg Atlason, who jointly heads the department with Gu√įbj√∂rg Helga Hjartard√≥ttir, leads the team in acting in bankruptcy proceedings involving Sj√∂stjarnan¬†and Stjarnan, as well as in serving as court-appointed administrator for the estate of SS Hus. The ‚Äėvery competent‚Äô √ďttar P√°lsson¬†is another key contact.

The financial restructuring and insolvency team at ADVEL Attorneys at Law provides comprehensive legal services in the field, handling both general advisory work as well as complex disputes. The department is headed by the highly regarded Kristinn Hallgrímsson.

Landslog ‚Äď Law Offices'¬†team has remarkable expertise in the field of restructuring and insolvency, and is composed of litigation lawyers with experience in liquidation proceedings as well as in small- and large-scale bankruptcies. Gr√≠mur Sigur√įsson¬†and J√≥hannes Sveinsson¬†are the key contacts.

R√©ttur ‚Äď Adalsteinsson & Partners¬†specialises in creditor representation and, particularly, in advising international creditors of Icelandic companies. Sigur√įur √Ėrn Hilmarsson¬†and Fri√įrik √Ārs√¶lsson, who jointly head the department together with K√°ri H√≥lmar Ragnarsson, advise international financial institutions on legal issues related to the Icelandic financial collapse. Hilmarsson also successfully led the defence of Raiffeisen Bank International against Kaupthing's rescission claims brought before the Supreme Court. Sigr√ļn Ingibj√∂rg G√≠slad√≥ttir¬†was promoted to partner.

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