BBA//Fjeldco has a demonstrably strong track record in the insolvency and restructuring of financial undertakings, both at a domestic and cross-border level throughout the EEA, and remains equally adept on both transactional and contentious work in the space, specialising in corporate restructurings, workouts and insolvency matters. Practice co-head Einar Baldvin Árnason has seen active involvement in large-scale restructuring projects relating to financial institutions, retail corporations, airlines and oil companies, with fellow co-head Gunnar Thor Thorarinsson focuses on corporate law and handles general financial restructurings and insolvencies. Thorir Júlíusson is another key point of contact within the practice group.

The inter-disciplinary approach adopted by Lex Law Offices sees the restructuring and insolvency team well-placed to provide ancillary services on a range of matters, drawing from the firm's wide expertise in neighbouring practice areas spanning banking, capital markets, real estate, IP, tax and competition to advise on insolvency-related issues. The team’s core practice in the area revolves around general financial restructurings, acting as liquidators and advisers to creditors on bankruptcy procedures, liquidation proceedings, moratoria and cessation of payments, among others. Three partners jointly lead the group: bankruptcy expert Þórhallur Bergmann, financial restructuring specialist Guðmundur Ingvi Sigurðsson, and Birgir Már Björnsson, who has experience handling high-profile bankrupt estates. Litigator Arnar Þór Stefánsson also contributes to the practice.

The ‘user-friendly team’ at LOGOS is ‘very experienced’ in the area of financial restructurings, bankruptcies and insolvency proceedings, frequently acting on behalf of businesses, major financial institutions and private individuals on a range of matters including bankruptcies, payment suspensions, negotiations and the implementation of arrangements with creditors. Work on behalf of creditors of insolvent estates and distressed enterprises, alongside mandatory set-offs and company liquidations are further focuses of the team. Practice head and Supreme Court attorney Heiðar Ásberg Atlason is well experienced in bankruptcy proceedings. Other key names of note include Ólafur Eiríksson, Ólafur Arinbjörn Sigurðsson and Benedikt Egill Árnason.

ADVEL Attorneys at Law is regularly instructed on financial restructurings, corporate reorganisations, bankruptcies and distressed funding issues, while the team’s attorneys act as liquidators and appointed trustees of distressed and insolvent entities and estates. The team also co-operates with major domestic financial institution, Arion Bank, on reorganisation and funding matters. Highly experienced litigator Guðmundur Siemsen leads the practice group alongside Svanhildur Anna Magnúsdóttir.

Juris has considerable experience in general restructuring and insolvency issues, particularly rescission issues, asset recovery work, financial restructurings and winding-up proceedings; the team also handles contentious matters. Commercial litigator Andri Árnason leads the practice group with Halldór Jónsson, whose expertise lies in restructuring matters and company liquidations. Stefán A. Svensson is a key port of call for complex financial litigation.