ADVEL Attorneys at Law > Reykjavik, Iceland > Firm Profile
ADVEL Attorneys at Law Offices
SUDURLANDSBRAUT 18
108 REYKJAVIK
Iceland
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ADVEL Attorneys at Law > The Legal 500 Rankings
Iceland > Banking, finance and capital markets Tier 2
ADVEL Attorneys at Law advises a number of prominent domestic banking clients, as well as foreign financial institutions with interests in Iceland. The highly experienced team covers a range of areas, including corporate financings, restructurings and reorganisations, and regulatory matters. Team lead Stefan Þór Ingimarsson has expertise in refinancings and reorganisations, while Dóra Sif Tynes
is a key name for EEA and EU law, and Ragnar Guðmundsson has strength in tax law and corporate financings.
Practice head(s):
Stefan Þór Ingimarsson
Other key lawyers:
Ragnar Guðmundsson; Dóra Sif Tynes; Bjarni Þór Bjarnason
Testimonials
‘Stefán Þór Ingimarsson – great insight and willing to assist his customers.’
‘Great knowledge of the practice. The team members work in perfect coordination, without overlapping.’
‘Communication skills, efficiency, and professionalism.’
Key clients
Arion bank
Hampidjan
Advania Group
Klappir Green Soulutions
VÍS
Oryggismidstodin
atNorth
Samskip
Work highlights
- Advising Arion Bank on its EMTN programme.
- Advising Arion Bank on its Covered Bond programme.
Iceland > Commercial, corporate and M&A Tier 2
ADVEL Attorneys at Law advises numerous listed companies and funds on a broad range of corporate matters both within Iceland and overseas, with notable strength advising on matters involving the UK market. Stefan Þór Ingimarsson, who leads the team, is a highly experienced practitioner with a practice which covers company law, corporate governance work, and M&A, with an emphasis on insurance law. Ragnar Guðmundsson and Bjarni Þór Bjarnason share key strength in tax law, M&A and corporate financings. Andri Fannar Bergþórsson joined the department in 2022 as a counsel, after previously working as a member of the Financial Supervision Committee at the Central Bank of Iceland.Practice head(s):
Stefan Þor Ingimarsson
Other key lawyers:
Dora Sif Tynes; Bjarni Þór Bjarnason; Ragnar Guðmundsson; Andri Fannar Bergþórsson
Testimonials
‘Stefan Þor Ingimarsson is a very talented corporate lawyer and is very sharp in M&A.’
‘They act as one sole person. Excellent distribution of work.’
‘All of them are individually efficient, respond quickly and thoroughly, they seem professional and updated at all times.’
Key clients
Arion banki
Hampidjan
Advania Group
VÍS
Klappir Green Solutions
Oryggismidstodin
Brim hf.
Valitor hf.
N1 hf.
Work highlights
- Advising Festi hf. on its forest carbon offset project to reduce the carbon footprint for the entire company group.
- Acted as Arion Bank’s local counsel on arranging the bank’s EMNT programme.
Iceland > Dispute resolution Tier 2
ADVEL Attorneys at Law fields a highly experienced litigation team, with key strength in complex international and cross-border mandates. Team lead Guðmundur Siemsen covers contract issues, corporate matters and public procurement work. Also key are Dóra Sif Tynes, a notable expert in matters involving the EEA, and Árni Freyr Árnason, who regularly acts for foreign clients in litigation in Iceland. Practice head(s):
Guðmundur Siemsen
Other key lawyers:
Testimonials
‘The team is excellent and has a great commercial understanding.’
‘Guðmundur Siemsen is a great litigator. A very safe choice in Iceland.’
Key clients
The Icelandic Government
Arion bank
Advania Group
Municipality of Hafnarfjörður
N1 hf.
Stræto bs.
Sýn (Vodafone Iceland)
Vodafone
Askja
Orkuveita Reykjavikur
Bilaleiga Flugleida (Hertz Iceland)
Work highlights
- Representing Arion Bank as the bank’s attorney in a case filed by EC-Clear.
- Representing Brim in employment dispute resolution and litigation.
- Representing Orkuveita Reykjavikur in disputes concerning the alleged health complications suffered by an employee of Orkuveita Reykjavikur, and an employee of a tenant at Orkuveita Reykjavikur’s headquarters.
Iceland > EEA and competition Tier 2
ADVEL Attorneys at Law advises major domestic clients such as Arion Bank, the City of Reykjavík, and the Icelandic Government, as well as prominent multinationals such as Vodafone on a range of complex competition and EEA matters. Team lead Dóra Sif Tynes is a notable thought leader on EU and EEA law, with extensive litigation experience in the Community Courts and the EFTA Court. Tynes has key expertise in state aid matters and sector-specific regulations.
Practice head(s):
Dóra Sif Tynes
Key clients
The Icelandic Government
Arion bank
Advania Group
Reitir Real Estate
N1 hf.
Stræto bs.
City of Reykjavík
Vodafone
Work highlights
- Acting for Sýn hf. (Vodafone Iceland) in a case regarding a complaint to the EFTA Surveillance Authority related to alleged illegal state aid to FARICE for the rollout of the IRIS submarine cable.
- Acting for Arion bank in a case concerning action for damages related to breach of competition law in the field of payment services.
- Advising Sýn hf. (Vodafone Iceland) on the negotiations of a cooperation agreement with Viaplay Sweden.
Iceland > Employment Tier 2
ADVEL Attorneys at Law provides employment services to clients across numerous industries, including the shipping, IT, and banking sectors. The group is experienced in advising on cross-border matters, and a range of resultant complex labour law issues. Stefan Þór Ingimarsson leads the team, and is experienced in company law and corporate governance; Guðmundur Siemsen provides key support.Practice head(s):
Stefan Þór Ingimarsson
Other key lawyers:
Key clients
The Icelandic Government
atNorth
Hampidjan
Advania
Arion bank
Work highlights
- Representing Brim hf. in a number of cases before the District Court in Reykjavík as well as the Court of Appeal concerning the legal status of fishermen.
Iceland > Real estate and construction Tier 2
ADVEL Attorneys at Law fields a team experienced in both contentious and non-contentious matters, with a track record in advising international clients on major commercial projects within Iceland. The group acts across numerous sectors, including the retail, residential and logistics industries, with notable strength advising on data centre projects. Lead partner Guðmundur Siemsen is described by clients as a ‘top-notch lawyer’, and covers contractor, planning and construction law; he is also experienced in litigation.Practice head(s):
Guðmundur Siemsen
Testimonials
‘Quick to familiarise themselves with complex tasks at hand and deliver good solutions fast.’
‘Guðmundur Siemsen is a top-notch lawyer, quick and agile.’
Key clients
Arion bank
Reitir Real Estate
Kolufell
Work highlights
- Advising Festi hf. on its forest carbon offset project to reduce the carbon footprint for the entire company group.
- Advising the atNorth group in relation to various projects which relate to the building and establishment of data centre facilities.
Iceland > Restructuring and insolvency Tier 2
ADVEL Attorneys at Law‘s team is highly active as executor and trustee of insolvent estates, with experience acting for both domestic and international clients. Guðmundur Siemsen covers all contentious matters related to insolvencies, and co-leads the department alongside Svanhildur Anna Magnúsdóttir. Dóra Sif Tynes is also a key contact within the team. Practice head(s):
Guðmundur Siemsen; Svanhildur Anna Magnúsdóttir
Other key lawyers:
Key clients
Advania Ísland ehf.
Festing hf.
Arion bank hf.
Iceland > Tax Tier 2
ADVEL Attorneys at Law advises clients on a diverse selection of tax matters across all business sectors, including the technology and financial services industries. The group advises on corporate tax and VAT issues for both domestic and international clients, with experience in corporate financing, restructuring, and financial services work. Ragnar Guðmundsson co-leads the department alongside Bjarni Þór Bjarnason.Practice head(s):
Ragnar Guðmundsson; Bjarni Þór Bjarnason
Key clients
Arion banki
Advania Group
VÍS
Klappir Green Solutions
Rapyd Europe hf.
atNorth
Öryggismiðstöðin hf
Nasdaq CSD Iceland
Alfa framtak
Qair Iceland
Work highlights
- Completed a tax due diligence report on Fossar Investment bank for Vátryggingafélag Íslands.
Iceland > TMT and IP Tier 3
ADVEL Attorneys at Law is increasingly prominent in the IP space, and regularly advises clients on design patents, copyright issues, and trade mark protection work, with experience acting across Europe and Scandinavia. The department covers numerous sectors, including the fishing, technology and bioscience industries, with a client base which includes both start-ups and established companies. Team lead Stefan Þór Ingimarsson covers company law, corporate governance work, and M&A issues.Practice head(s):
Stefan Þór Ingimarsson
Key clients
Advania Group
atNorth Group
Rekstrarfelag 10-11
RV Unique Aps
ADVEL Attorneys at Law > Firm Profile
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 15 attorneys, with legal education from several different countries and substantive work and litigation experience in Europe and the US. Its attorneys are proficient in English, German, Italian, 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 15 attorneys, and fundamental clients include Festi, Vodafone, Arion Bank, Advania, Hampidjan, Reykjavik City Hall, local municipal governments, atNorth, 50 Skills 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.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Banking, finance and tax | Bjarni Thor Bjarnason | ||
| Banking, finance and tax | Dora Sif Tynes | ||
| Banking, finance and tax | Stefan Thor Ingimarsson | ||
| Corporation and commercial | Bjarni Thor Bjarnason | ||
| Corporation and commercial | Ragnar Gudmundsson | ||
| Corporation and commercial | Dora Sif Tynes | ||
| Corporation and commercial | Stefan Thor Ingimarsson | ||
| M&A | Bjarni Thor Bjarnason | ||
| M&A | Ragnar Gudmundsson | ||
| 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 | Arni Freyr Arnason | ||
| Bankruptcy, insolvency | Gudmundur Siemsen | ||
| Bankruptcy, insolvency | Ragnar Gudmundsson | ||
| Maritime, aviation and transport | Gudmundur Siemsen | ||
| Litigation | Arni Freyr Arnason | ||
| Litigation | Gudmundur Siemsen | ||
| Trade marks, intellectual property | Arni Freyr Arnason | ||
| Employment and labour | Gudmundur Siemsen | ||
| Energy and environmental | Gudmundur Siemsen |
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
|
Mr Stefan Thor Ingimarsson | Mr. Ingimarsson holds an LL.M. In International Economic and Business law from… | View Profile |
|
Mr Gudmundur Siemsen | Mr. Siemsen has extensive experience in litigation, in particular disputes concerning landmarks, planning… | View Profile |
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Ms Dora Sif Tynes | Ms Tynes is an expert in the field of EU and EEA Law… | View Profile |