Juris > Reykjavik, Iceland > Firm Profile

Juris
BORGARTÚN 26
105 REYKJAVÍK
Iceland

Iceland > Commercial, corporate and M&A Tier 1

Juris is home to a ‘solid team’ that operates across the full spectrum of commercial, corporate and M&A mandates, chiefly instructed on general corporate work, domestic mergers and cross-border sales and acquisitions. The practice has a deep bench of both Icelandic and English-qualified lawyers, which the team leverages to act on a litany of complex cross-border work, including international investments, project financing work and international contracts on behalf of a client roster that lists Oaktree Acquisition and Kvika banki, among others. ‘Outstanding attorney’ Halldór Jónsson jointly leads the team alongside Andri Árnason, and Simon Knight is another key name, noted for his work on cross-border corporate matters in the infrastructure and energy sectors.

Practice head(s):

Halldór Jónsson; Andri Árnason

Other key lawyers:

Testimonials

‘The Juris team are professionals in the field of corporate law and a source of knowledge in the field which helps us with new and progressive ideas that enable us to remain competitive. The co-operation with them has been very good and their input has helped us enormously.’

‘Halldór Jónsson as the team leader has shown us over and over that his knowledge of corporate and tax law is extensive. His guidance has helped us to make the right decisions in our development work and to reach our goals in the best way possible. Furthermore, he is not just a reactive consultant, but has become a proactive participant in our development.’

‘They are a solid team who are ready to take care of all challenges and complement each other well.’

‘Halldór Jónsson is an outstanding attorney with exceptional experience and knowledge.’

Key clients

Aptos

Eyja fjárfestingafélag III

PPH

Summa Rekstrarfélag

Ísfélag Vestmannaeyja

Lýsi

Kvika banki

Mjólkursamsalan

Blær leigufélag

Oaktree Acquisition Corp. II

Work highlights

  • Advised Oaktree Acquisition Corp. II on its SPAC merger with Alvotech.
  • Advised Blær leigufélag and Bjarg íðúðafélag on a new model for the development of affordable rental property.
  • Advising Mjólkursamsalan on Iceland’s new draft agricultural policy.

Iceland > Dispute resolution Tier 1

Juris remains one of the most pre-eminent firms for dispute resolution in the domestic Icelandic market, fielding a strong bench of Supreme Court attorneys and dual-qualified lawyers who excel at handling both complex and high-value disputes, particularly in the banking and finance sector. Financial litigation and asset litigation are core disciplines for the team, and the group also specialises in cross-border mandates spanning multiple jurisdictions. Highly-experienced litigators Andri Árnason and Stefán A. Svensson jointly head up the practice group, with the latter being praised as ‘exceptionally smart and solution minded.’

Practice head(s):

Andri Árnason; Stefán A. Svensson

Other key lawyers:

Andri Andrason; Edda Andradóttir

Testimonials

‘Stefan A. Svensson is one of the best attorneys I have worked with in dispute resolution. He is exceptionally smart and solution minded. He is very quick to realise the main issues and he is one of Iceland’s best trial lawyers.’

Key clients

Icelandic Government

Íslandspóstur (Iceland Post)

Síminn

RÚV

Landsbankinn

Míla

Kvika banki

University of Iceland

Drífa

Lyfja

Work highlights

  • Representing Icelandic State Broadcaster in cases regarding press freedom.
  • Represented the Icelandic Directorate of Health in cases regarding the legality of Covid control measures.
  • Representing Landsbankinn hf. in cases regarding the legality of variable interest rates in consumer mortgages.

Iceland > Banking, finance and capital markets Tier 2

Banking and finance is a core practice at Juris, which exhibits a demonstrable track record across the full-suite of services in the space, spanning litigation, transactional work, regulatory issues and project financing matters. Large-scale project financing mandates remain a key strength of the practice group across a variety of sectors, including the shipping, fishing, energy, TMT and property development industries, among others. Three lawyers jointly lead the team: financial litigator Andri Árnason, tax specialist Halldór Jónsson and Sigurbjörn Magnússon. Ex-banker Simon Knight focuses on project finance, syndicated lending and financial regulatory matters.

Practice head(s):

Halldór Jónsson; Andri Árnason; Sigurbjörn Magnússon

Other key lawyers:

Simon Knight; Vífill Harðarson; Finnur Magnússon; Stefán A. Svensson

Testimonials

‘Very good service and have experts in all fields and good contacts abroad if needed.’

‘Finnur Magnússon produces outstanding work and has a good response time. Simon Knight is strong on loan agreements and related documents as well as cross-boarder deals.’

‘Stefán A. Svensson is one of the best attorneys I have worked with in this field. He is exceptionally smart and solution minded.’

Key clients

Íslandsbanki

Bakkastakkur

Summa Rekstrarfélag

Kvika banki

Landsbankinn

Gamma Capital Management

Ísfélag Vestmannaeyja

Work highlights

  • Advised Bakkastakkur and Icelandic pension funds on the restructuring of project finance for the PCC BakkiSilicon silicon plant.
  • Advised Kvika banki on the development of its payments business, including the acquisition of a part of Valitor’s merchant portfolio.
  • Representing Landsbankinn in cases regarding the legality of variable interest rates in consumer mortgages.

Iceland > EEA and competition Tier 2

Juris regularly undertakes competition work on behalf of its comprehensive roster of clients throughout the commercial and corporate sectors. The team handles a large number of cross-border transactions, which frequently involve associated EEA issues, particularly state aid, GDPR and compliance obligations. Andri Árnason and Stefán A. Svensson jointly lead the group, which also includes competition specialist and recently promoted partner Hólmfríður Björk Sigurðardóttir, who previously worked for the Competition Authority.

Practice head(s):

Andri Árnason; Stefán A. Svensson

Other key lawyers:

Hólmfríður Sigurðardóttir

Key clients

Míla

Fastus

Eimskipafélag Íslands

Kvika banki

Lyfja

Work highlights

  • Representing Míla in a broadband markets case.
  • Advised Kvika banki on the development of its payments business, including the acquisition of a part of Valitor’s merchant portfolio.
  • Advising Mjólkursamsalan on Iceland’s new draft agricultural policy.

Iceland > Maritime and transport Tier 2

Juris maintains its reputation as a leading firm in the fishing sector and is particularly well regarded for its work on matters pertaining to fishing quotas and regulatory issues; it also has wider capabilities to handle the full range of work throughout the maritime and transport sectors. The team leverages its strength across the board to provide a multi-disciplinary approach to clients, offering expertise in associated tax, financing, dispute resolution, competition and corporate issues. Finnur Magnússon jointly leads the department with Sigurbjörn Magnússon.

Practice head(s):

Sigurbjörn Magnússon; Finnur Magnússon

Testimonials

‘They provide a very good service and have experts in all fields, with good contacts abroad if needed.’

‘Finnur Magnússon produces outstanding work and has a good response time.’

Key clients

Ísfélag Vestmannaeyja

Lýsi

Eimskip Ísland

Huginn

Rammi

Work highlights

  • Advising Ísfélag Vestmannaeyja on all aspects of its business, including vessel financing.

Iceland > Real estate and construction Tier 2

The team at Juris is instructed on a diverse range of mandates, advising consistently on commercial property transactions, project financings, lease and planning issues, street vendor rights, conservation work and rural real estate matters. In line with the market's focus on green energy, the group further advises on the associated infrastructure developments and international investments that accompany the push toward sustainable energy. Contentious matters are another core tenet of the practice group’s work. Tax specialist Halldór Jónsson leads the team, with support from Edda Andradóttir.

Practice head(s):

Halldór Jónsson

Other key lawyers:

Key clients

HS Orka

Blær leigufélag

Bjarg íbúðafélag

Ísloft blikk og stálsmiðja

Municipality of Ísafjörður

Icelandic Ministry of Finance and Economic Affairs

Norðurturninn

Municipality of Garðabær

University of Iceland

Work highlights

  • Advised Blær leigufélag and Bjarg íðúðafélag on a new model for the development of affordable rental property.
  • Representing the Icelandic state in the ‘óbyggðamál’ series of cases, demarcating public and private land.
  • Advised Olympus and Sikmas on their investments in the Skuggi 6 residential real estate development.

Iceland > Restructuring and insolvency Tier 2

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.

Practice head(s):

Andri Árnason; Halldór Jónsson

Other key lawyers:

Key clients

Bakkastakkur

Summa rekstrarfélag

Sunnuvellir

ASKJA Holding

Work highlights

  • Advised Bakkastakkur and Icelandic pension funds on the restructuring of project finance for the PCC BakkiSilicon silicon plant.
  • Advised on the liquidation of ASKJA Holding.

Iceland > Tax Tier 2

As a full-service law firm, Juris provides comprehensive corporate and commercial-related tax advice, and collaborates with other departments in the firm to incorporate tax services into the wider firm's workload. The team is equally adept at contentious and non-contentious matters, and recently represented a private client in the Court of Appeal against charges for tax evasion and tax fraud. Halldór Jónsson leads the team, receiving support from associate Jenný Harðardóttir.

Practice head(s):

Halldór Jónsson

Other key lawyers:

Testimonials

‘The work is very professional and the team has a lot of experience with tax matters.’

‘They immerse themselves deep into the case before working on it. They were honest and open.’

Work highlights

  • Represented a private individual in tax proceedings.

Iceland > TMT and IP Tier 3

Juris acts on behalf of both large-scale established domestic clients and start-ups on a host of IP and TMT matters, with notable clients including Mila, RÚV and Kvika banki. Advice regarding GDPR compliance and implementation, and a burgeoning focus on the growing fintech sector, represent the bulk of the workload for the team. With over 20 years of experience in the sector, Andri Árnason jointly leads the department with litigator Stefán A. Svensson, who has experience representing the Icelandic state broadcaster.

Practice head(s):

Andri Árnason; Stefán A. Svensson

Key clients

Íslandspóstur

RÚV

Míla

Fyrirtækjamiðstöð Íslands

Autoledger

Kvika banki

Work highlights

  • Representing Icelandic State Broadcaster in cases regarding press freedom.
  • Advising Autoledger on the development of its business.
  • Representing Míla in a broadband market case.

The firm: Juris as it is known today was created as a result of three waves of mergers between 2006 and 2011 involving the practices of some of Iceland’s leading lawyers. The origins of the firm, however, date back to 1953, ranking Juris among Iceland’s more venerable law firms.

Many of Juris’ clients are long-standing, with relationships dating back decades, a testament to Juris’ uncompromising standards and its prompt, practical and commercially focused advice.

As Icelandic and global society has changed, Juris has been responsive and adapted to meet the changing needs of its clients. During the COVID-19 pandemic we were active in advising our clients on their rights and obligations associated with the pandemic as well as on their options to adapt their businesses and contracts. We are also active in assisting clients with matters related to climate change and energy transition.

Areas of practice: Juris concentrates on commercial and financial matters. We are the only Icelandic law firm with native Icelandic and English lawyers working together in Reykjavík,  with the result that our cross-border work is a major strength and we are able to provide seamless cross-border legal advice, benefiting clients in terms of expertise, accessibility and cost.

A number of the firm’s lawyers have previously worked in-house at major organisations with the result that we are familiar with the workings of business and understand its needs and priorities. Juris advises on a wide range of issues involving Icelandic and English law including new project finance developments which, among many other issues, require us to consider and advise on environmental law and tax, other corporate and financing transactions, M&A and investment work, including from overseas, as well as AML/ATF, data protection, general commercial and contract law work. The firm is also recognised as Iceland’s leading firm in dispute resolution, as well as competition issues, both contentious and non-contentious, and restructuring and insolvency.

Our clients operate in a variety of sectors, including banking and finance, resources (including fishing and energy), hospitality, infrastructure, telecommunications and technology, property development and construction.

Department Name Email Telephone
Banking and Finance Simon Knight simon@juris.is
Banking and Finance Vífill Harðarson vifill@juris.is
Competition and Regulatory Hólmfríður B. Sigurðardóttir holmfridur@juris.is
Competition and Regulatory Stefán A. Svensson stefan@juris.is
Constitutional and Administrative Edda Andradóttir edda@juris.is
Constitutional and Administrative Finnur Magnússon finnur@juris.is
Construction Edda Andradóttir edda@juris.is
Construction Halldór Jónsson halldor@juris.is
Corporate and Commercial Lárus Blöndal larus@juris.is
Corporate and Commercial Simon Knight simon@juris.is
Dispute Resolution Stefán A. Svensson stefan@juris.is
Dispute Resolution Finnur Magnússon finnur@juris.is
Property Andri Andrason andriandra@juris.is
Property Vífill Harðarson vifill@juris.is
Restructuring and Insolvency Bjarni Aðalgeirsson bjarni@juris.is
Restructuring and Insolvency Halldór Jónsson halldor@juris.is
Photo Name Position Profile
Vífill Harðarson photo Mr Vífill Harðarson Partner.
Simon Knight photo Mr Simon Knight Partner.
Katherine Nichols photo Ms Katherine Nichols Consultant.
Number of lawyers : 21
English
Icelandic
other Scandinavian languages
Contacts : Simon Knight (simon@juris.is)
Contacts : Finnur Magnússon (finnur@juris.is)
Contacts : Stefán A Svensson (stefan@juris.is)
Contacts : Vífill Harðarson (vifill@juris.is)

At Juris we know that a diverse team increases collaboration and creative approaches to problem solving, enabling us to provide an exceptional service to all of our clients. Our commitment to inclusion extends to every race, gender, age, religion, identity and experience.