Firm Profile > ADVEL Attorneys at Law > Reykjavik, Iceland

ADVEL Attorneys at Law
SUDURLANDSBRAUT 18
108 REYKJAVIK
Iceland

Iceland > Employment Tier 1

With a client roster encompassing leading companies, public authorities and municipal governments, the team at ADVEL Attorneys at Law handles all aspects of employment and labour law mandates, including industrial actions and collective agreements. The practice also advises clients on cross-border issues including work relating to immigration law. Óskar Norðmann leads the department, which also fields Guðmundur SiemsenStefan Thor Ingimarsson and Arni Freyr Arnason.

Practice head(s):

Óskar Norðmann

Other key lawyers:

Guðmundur Siemsen; Stefan Thor Ingimarsson; Arni Freyr Arnason

Iceland > Real estate and construction Tier 1

Led by seasoned litigator Guðmundur Siemsen, the real estate and construction department at ADVEL Attorneys at Law handles work for large international and domestic clients, which benefit from the team's track record in planning issues, public procurement mandates and contractor disputes. The team is also known for its expertise in matters relating to landmarks, natural resources and geothermal energy projects and counts Iceland's largest engineering company Mannvit on its client roster. The group recently represented Reitir in a case relating to a public registrar error regarding a property in Hallarmuli, Reykjavik.

Practice head(s):

Guðmundur Siemsen

Iceland > Banking, finance and capital markets Tier 2

ADVEL Attorneys at Law handles a range of key work including financing mandates, reorganisations, long-term loan facilities and M&A issues. Led by Kristinn Hallgrímsson, the 'highly respected' team includes Stefán Þór Ingimarsson, who is a corporate law expert and was recently involved in the establishment of an EMTN programme. The practice also acts for other key players in the Icelandic economy including Samskip, Hampidjan and Reitir Real Estate, and assists foreign corporates with Icelandic interests. Árni Freyr Árnason is also a key name to note.

Practice head(s):

Kristinn Hallgrímsson

Other key lawyers:

Stefán Þór Ingimarsson; Árni Freyr Árnason

Testimonials

‘Advel is not the largest law firm in Iceland. However their corporate team is comprised of highly respected and seasoned and dedicated individuals with extensive experience in working for some of the largest corporates in Iceland on a wide range of projects. For this reason they would always be my first choice when looking for a corporate legal team in Iceland’

‘Really top services rendered by top human beings. Lawyers become friends.’

Key clients

Arion banki

Hampidjan

Advania Group

Reitir Real Estate

N1 hf.

HB Grandi hf.

Oryggismidstodin

Invent Pharma Group

Samskip

Iceland > Dispute resolution Tier 2

The dispute resolution group at ADVEL Attorneys at Law is led by contract law specialist Guðmundur Siemsen and handles work for a wide variety of clients including Vodafone, Air Atlanta and the Icelandic Government. The team has acted in high-profile cases before domestic, EU and EFTA courts, and has substantive experience in disputes relating to state surveillance issues and matters involving the Financial Supervisory Authority. In a recent mandates, the practice defended Reitir Hotels in an appeal regarding registrational errors at the Mortgage and Land Registry of the Reykjavik Municipality. Supreme Court attorney Kristinn Hallgrímsson is a key name to note for corporate litigation.

Practice head(s):

Guðmundur Siemsen

Other key lawyers:

Kristinn Hallgrímsson

Iceland > EEA and competition Tier 2

At ADVEL Attorneys at Law, the EEA and competition department is led by competition expert Dóra Sif Tynes and handles matters before the Icelandic Competition Authority, domestic courts and EFTA. The team advises companies and employees on a wide range of issues including state aid and market manipulation mandates and competition litigation.

Practice head(s):

Dóra Sif Tynes

Iceland > Restructuring and insolvency Tier 2

At ADVEL Attorneys at Law, the restructuring and insolvency team is led by Gudmundur Siemsen, and count Arion Bank, Advania and Capacent on its client roster. The group handles key matters including bankruptcies, reorganisations, distressed funding work and winding-up mandates. Arni Freyr Arnason recently joined the practice.

Practice head(s):

Gudmundur Siemsen

Other key lawyers:

Arni Freyr Arnason

Iceland > TMT and IP Tier 2

At ADVEL Attorneys at Law, the team is led by Stefán Þór Ingimarsson and advises on the negotiation of license agreements and the protection of IP rights; the group is also well-versed in handling both domestic and cross-border work. In particular, it assists clients from the retail, entertainment and biotech sectors with trade marks, copyrights and patents. Kristinn Hallgrímsson is also singled out.

Practice head(s):

Stefán Þór Ingimarsson

Other key lawyers:

Kristinn Hallgrímsson

Iceland > Commercial, corporate and M&A Tier 3

Led by company law expert Stefan Thor Ingimarsson, the team at ADVEL Attorneys at Law recently handled substantive M&A transactions for Arion bank, Novomatic AG and the Advania Group. The group also plays a key role in major stock exchange listings and regularly works on cross-border matters for clients in the energy, insurance and fishing sectors. In a recent highlight, the team assisted Hampidjan with its acquisition of shares in Scottish companies Jackson Trawl and Jackson Offshore Supply. Arni Freyr Arnason recently joined the team.

Practice head(s):

Stefan Thor Ingimarsson

Other key lawyers:

Arni Freyr Arnason

Testimonials

‘Responsiveness and experience. Broad knowledge of various forms of  corporate challenge.’

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. Hallgrimsson is a respected professional with over two decades of extensive…
Mr Stefan Thor Ingimarsson  photo Mr Stefan Thor Ingimarsson Mr. Ingimarsson holds an LL.M. In International Economic and Business law from…
Mr Gudmundur Siemsen  photo Mr Gudmundur Siemsen Mr. Siemsen has extensive experience in litigation, in particular disputes concerning landmarks, planning…
Mr David Orn Sveinbjornsson  photo Mr David Orn Sveinbjornsson Mr. Sveinbjornsson’s field of expertise is international business law, in particular legal…
Ms Dora Sif Tynes  photo Ms Dora Sif Tynes Ms Tynes is an expert in the field of EU and EEA Law…
Number of lawyers : 16
Danish
English
German
Icelandic
Spanish
Swedish
Globalaw - the international law group (www.globalaw.net)
Iceland Chamber of Commerce
Contact : Ragnheidur Thorkelsdottir (managing partner)