LOGOS’ financial restructuring and bankruptcy team provides its clients with a wide range of legal advice on all levels of financial restructuring of businesses and financial institutions. This includes restructuring work in relation to temporary payment suspensions, formal bankruptcy proceedings, negotiation and implementation of voluntary and compulsory composition agreement with creditors, and various related legal assistance, including litigation in this field. We also represent creditors of insolvent estates or distressed enterprises, and act and advise on compulsory dissolution and liquidation of companies.

LOGOS´services is a proud and recognized market leader in this field and has been for many years. During the collapse of the banking sector in Iceland in 2008 and until reorganization work was completed in 2016, LOGOS was instrumental in its work for foreign creditors and reorganization of the sector as a whole.

We have successfully advised a diverse range of distressed enterprises and creditors of enterprises, including banks, savings funds, private equity firms, a major shipping line, and a pharmaceutical group to name but a few. The expertise, size and flexibility of the firm ensures that the optimum amount of experienced staff are committed to each case, which makes LOGOS an excellent choice when seeking advice on financial restructuring and insolvency in Iceland, be it from the perspective of the distressed entity, lenders or other creditors.