Firm Profile > ADVEL Attorneys at Law > Reykjavik, Iceland

ADVEL Attorneys at Law

Employment Tier 1

With its extensive experience handling highly complex cases involving redundancies, reorganisations and termination agreements, the employment team at ADVEL Attorneys at Law is led by practice head Óskar NorðmannStefan Þór Ingimarsson is advising Hampidjan on employment issues, following an internal reorganisation and merger of certain operations within Hampidjan  Group. The firm also handles work for other notable clients such as Arion Bank, IT service corporation Advania and financial services company Virðing.

Real estate and construction Tier 1

At ADVEL Attorneys at Law, practice head Guðmundur Siemsen is advising Kolufell on the purchase of land adjacent to the landmark Harpa Concert Hall. Kristinn Hallgrímsson is acting for Mannvit in contentious real estate matters concerning the interpretation and application of an agreement pertaining to the building of a power plant unit abroad. Sigurður Valgeir Guðjónsson is assisting Silicor Materials with all legal aspects of the preparation for building a solar silicon and aluminium production plant.

Dispute resolution Tier 2

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.

EEA and competition Tier 2

ADVEL Attorneys at Law’s competition practice is headed by Dóra Sif Tynes, who represented Vodafone in a private case seeking damages, which was also tried before the Court of Justice of the European Free Trade Association State. Kristinn Hallgrímsson led the team in defending Kaupfélag Skagfirðinga in proceedings concerning the alleged abuse of a dominant market position in the dairy industry. Other clients include Advania and Arion Bank.

Maritime and transport Tier 2

Led by by practice head Guðmundur Siemsen, ADVEL Attorneys at Law's maritime and transport department advises major clients such as public bus company Strætó bs.

Restructuring and insolvency Tier 2

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.

TMT and IP Tier 2

ADVEL Attorneys at Law advises firms on general IP matters including trade mark and patent registrations, negotiations of licence agreements and infringements of IP rights. Practice head Kristinn Hallgrímsson and senior associate Davíð Örn Sveinbjörnsson are key names.

Banking, finance and capital markets Tier 3

At ADVEL Attorneys at Law, Stefán Þór Ingimarsson led a team acting as local legal counsel on annual updates and bond issuances under Arion Bank’s EMTN programme. Other work includes assisting fishing gear company Hampidjan with its group financing, as well as advising Advania Group on an intra-group loan agreement. Practice head Kristinn Hallgrímsson is another key contact.

Commercial, corporate and M&A Tier 3

ADVEL Attorneys at Law acts for clients including Silicor Material and Austrian group Novomatic. Highly regarded practice head Stefan Þór Ingimarsson assisted fishing gear company Hampidjan with a number of high-value acquisitions.

The firm: ADVEL Attorneys at Law is a leading Icelandic law firm, providing a full range of legal services for individuals, corporations and institutions alike, both foreign and domestic. The law firm traces its roots back to 1966 to the formation of Logvisi. From the very beginning Logvisi, and later ADVEL, has first and foremost been a corporate and commercial law firm with a strong standing in dispute resolution, providing legal services to several of Iceland’s largest companies, government authorities and pension funds, advising its clientele both locally and abroad. Over the years it has also provided substantial advice to foreign clients seeking business in Iceland.

ADVEL Attorneys at Law has been extensively relied upon during the ongoing financial crisis, with its lawyers advising various financial institutions, companies, local and foreign creditors and official authorities, including the FME. This involves advice on the new emergency legislation, foreign currency restrictions, financial restructuring, redundancies, composition with creditors, sale of assets and advice on insolvency and bankruptcy procedures applicable within the Icelandic jurisdiction.

ADVEL Attorneys at Law has a long history of serving international clients, as well as local clients abroad, pioneered by one of its early founders, attorney Jon Finnsson, who attended both Universität Hamburg and Johan-Wolfgang-Goethe-Universität in Frankfurt am Main. He counselled numerous foreign clients and all of the firm’s major local clients abroad, from 1966 until he retired in 2004. The law firm’s attorneys have maintained this tradition. It currently counts 20 attorneys, with legal education from nine different countries and substantive work and litigation experience in Europe and the US. Its attorneys are proficient in English, German, Danish, Norwegian, Swedish and Spanish. ADVEL takes pride in an exceptionally strong international team and can safely say that it is unmatched by other Icelandic law firms. Through ADVEL’s membership of Globalaw, a leading global law firm network, it is linked to 116 law firms with over 5,000 lawyers, enabling it to provide clients with an international legal resource and providing assistance in cross-border dealings.

Areas of practice: ADVEL Attorneys at Law is one of Iceland’s leading law firms. ADVEL represents many of Iceland’s most prominent companies, public authorities and individuals, as well as having served numerous foreign clients in this time. Its practise currently consists of 20 attorneys, and fundamental clients include N1 (Esso/Exxon), Vodafone, Arion Bank, Advania, HB Grandi, Alfesca, Reykjavik City Hall, local municipal governments, Iceland Seafood International, Mannvit Engineering, Alcoa and Frumherji, to name a few.

Corporate and M&A is one of the firm’s primary practices, based on a decade-long experience, and includes consultation for all its major clients. The firm’s other areas of practice include: banking, finance and tax; dispute resolution; EEA, EU and competition; employment and labour; maritime, aviation and transport; projects and PFI; energy and environmental, restructuring and insolvency; trademarks and intellectual property.

Reference is made to the firm’s online submissions for further work highlights.

Department Name Email Telephone
Banking, finance and tax Sigurdur V Gudjonsson
Banking, finance and tax Sigrun H Johannsdottir
Banking, finance and tax Stefan Thor Ingimarsson
Corporation and commercial Kristinn Hallgrimsson
Corporation and commercial Stefan Thor Ingimarsson
Corporation and commercial
M&A Sigurdur V Gudjonsson
M&A Stefan Thor Ingimarsson
Foreign investments, contracts Dora Sif Tynes
Foreign investments, contracts Stefan Thor Ingimarsson
EU, EEA and competition Dora Sif Tynes
Administrative and local government Gudmundur Siemsen
Administrative and local government Oskar Nordmann
Bankruptcy, insolvency Gudmundur Siemsen
Bankruptcy, insolvency Kristin Hallgrimsson
Maritime, aviation and transport Jon Ogmundsson
Maritime, aviation and transport Kristinn Hallgrimsson
Litigation Gudmundur Siemsen
Trade marks, intellectual property Sigurdur Valgeir Gudjonsson
Employment and labour Oskar Nordmann
Employment and labour
Energy and environmental Gudmundur Siemsen
Photo Name Position Profile
Mr Kristinn Hallgrimsson  photo Mr Kristinn Hallgrimsson
Mr Stefan Thor Ingimarsson  photo Mr Stefan Thor Ingimarsson
Mr Gudmundur Siemsen  photo Mr Gudmundur Siemsen
Mr David Orn Sveinbjornsson  photo Mr David Orn Sveinbjornsson
Ms Dora Sif Tynes  photo Ms Dora Sif Tynes
Number of lawyers : 16
Globalaw - the international law group (
Iceland Chamber of Commerce
Contact : Ragnheidur Thorkelsdottir (managing partner)