Réttur – Adalsteinsson & Partners > Reykjavik, Iceland > Firm Profile

Réttur – Adalsteinsson & Partners
KLAPPARSTIGUR 25-27
101 REYKJAVIK
Iceland

Iceland > Dispute resolution Tier 1

Réttur – Adalsteinsson & Partners’ caseload includes commercial litigation, high-profile disputes relating to freedom of speech, privacy rights and healthcare, as well as contentious IP matters; the team represented Icelandic Water Holdings against a €15m trade mark claim for damages brought by iGWater. Supreme Court attorney Sigurður Örn Hilmarsson jointly leads the practice group alongside Sigrún Ingibjörg Gísladóttir, who has experience representing clients before the European Free Trade Association Court. Claudie Ashonie Wilson is another key member of the team and focuses on immigration disputes.

Practice head(s):

Sigurður Örn Hilmarsson; Sigrún Ingibjörg Gísladóttir

Other key lawyers:

Claudie Ashonie Wilson

Key clients

Icelandic Water Holdings hf.

Efling

Reykjavik City Theater

Flux ehf.

Stígamót

Stundin ehf.

SÍBS and Reykjalundur

RSM Restructuring Advisory LLP

Fossatún ehf.

MAIF

Work highlights

  • Defended Icelandic Water Holdings in a €15m trade mark dispute.
  • Handling a claim for compensation for an individual who was wrongly convicted and assumed guilty for 40 years in a criminal case following the Supreme Court’s overturned judgment in 2017 where he was declared not guilty.
  • Advised RSM Restructuring Advisory LLP as the joint trustees of a high-profile UK businessperson’s estate in settling two Icelandic court cases with creditors, worth £326m.

Iceland > Restructuring and insolvency Tier 2

Réttur – Adalsteinsson & Partners focuses on acting for creditors in domestic and cross-border insolvency proceedings, and handles contentious bankruptcy matters and corporate restructurings. The team counts Icelandic Water Holdings, BNP Paribas and Landesbank on its key list of clients. Sigurður Örn Hilmarsson, who has experience in acting for international clients in rescission cases, jointly leads the practice alongside Kári Hólmar Ragnarsson, who handles winding-up proceedings. Sigrún Ingibjörg Gísladóttir is another key member of the team.

Practice head(s):

Sigurður Örn Hilmarsson; Kári Hólmar Ragnarsson

Key clients

Icelandic Water Holdings hf.

BNP Paribas, Landesbank, Commerzbank and Raiffeisen Bank International

RSM Restructuring Advisory LLP

Work highlights

  • Assisted Icelandic Water Holdings hf. with a proposed sale of a majority of its shares and a refinancing.
  • Acted as council for the appointed trustees in relation to the £327m bankruptcy proceedings of a high-profile UK businessperson’s estate.
  • Advised and litigated for joint trustees of an individual’s estate in a £2.5m bankruptcy case.

Iceland > TMT and IP Tier 2

Réttur – Adalsteinsson & Partners is noted for its IP and trade mark practice, where the team acts for long-standing clients, including Iceland’s Writers’ Union and the Association of Film Directors, on a range of matters pertaining to copyright and distribution of rights issues. Entertainment law and copyright expert Sigríður Rut Júlíusdóttir heads up the practice group with the support of Sigrún Ingibjörg Gísladóttir, who handles freedom of speech cases arising out of the media sector. The team has also expanded its expertise into the field of fintech, and recently advised Monerium on blockchain, distributed ledger and smart contract matters.

Practice head(s):

Sigríður Rut Júlísdóttir; Sigrún Ingibjörg Gísladóttir

Key clients

Iceland Symphony Orchestra

Monerium ehf

The Writers’ Union of Iceland

Icelandic Water Holdings hf

Reykjavik City Theatre

Film Directors Guild of Iceland

Indo services ehf.

The Association of Non-Fiction and Educational Writers in Iceland

Work highlights

  • Acting as legal counsel to the Iceland Symphony Orchestra, including in relation to rights’ payments.
  • Acting as legal counsel to the Writers’ Union of Iceland, most recently assisting with legal developments in relation to collective management of copyright and distribution of rights’ payments.
  • Acting for the Film Directors Guild of Iceland in successful negotiations of increased shares of distribution rights having taken place.

Iceland > Commercial, corporate and M&A Tier 3

Réttur – Adalsteinsson & Partners advises domestic and international companies on corporate governance issues, management incentive plans, restructurings and regulatory matters, and has notable capabilities in M&A transactions. Led by Sigurður Örn Hilmarsson, the team leverages the expertise of the firm’s litigation practice group when acting for clients in disputes involving corporate law issues. The team counts LS Retail, Icelandic Water Holdings and Flux among its key clients.

Practice head(s):

Sigurður Örn Hilmarsson

Other key lawyers:

Stefán Örn Stefánsson

Key clients

LS Retail ehf.

Flux ehf.

Monerium ehf

Icelandic Water Holdings hf.

Álftavatn ehf.

RSM Restructuring Advisory

Anchorage Capital Group, Hoxton (Cayman Ltd) and Hoxton (Lux)

Bitfury Iceland ehf.

SÍBS and Reykjalundur endurhæfing ehf.

Spectabilis ehf.

Opitog ehf.

Indo Services ehf.

Work highlights

  • Acting as lead counsel to Icelandic Water Holdings hf. on the proposed sale of a majority of shares and a refinancing.
  • Acted as lead Icelandic legal counsel for retail technology company LS Retail, which was acquired by Aptos/Goldman Sachs.
  • Acted for SÍBS and Reykjalundur on agreements, restructuring issues, a review of the new law on NGOs and property rights matters.

The firm: Réttur traces its origins back to 1969 when Ragnar Aðalsteinsson, one of Iceland’s leading attorneys, started his private practice in Reykjavík. Today, Ragnar’s partners at Réttur include Kári Hólmar Ragnarsson, Sigríður Rut Júlíusdóttir and Sigurður Örn Hilmarsson.

Renowned for its high level of professionalism, ethical standards and efficiency, the firm takes pleasure in giving its clients straightforward legal advice in a timely manner.

Areas of practice: The firm focuses on dispute resolution and has litigated many of the biggest cases in Iceland over the past years and decades, before both Icelandic and international courts.

Following the collapse of the Icelandic banks in October 2008, Réttur has acted for a large number of international companies, banks and investment firms, such as Deutsche Bank, BP, Bayerische Landesbank, Landesbank Baden Württemberg, BNP Paribas and Commerzbank, as well as a large group of international bondholders, co-ordinated by Akin Gump Strauss Hauer & Feld LLP, both in high-stake litigation and advising on insolvency, restructuring and other areas of law.

The attorneys at Réttur have extensive experience providing legal advice on the restructuring of debt, managing bankrupt estates, litigating rescission cases, and other aspects relating to the insolvency of companies, as well as natural persons. Furthermore, the firm’s attorneys have extensive experience advising in relation to the international winding-up proceedings of financial institutions.

Réttur provides legal services in commercial and corporate law, such as the formation and dissolution of legal entities, drafting of contracts, finance, international trade, dispute resolution and debt collections. The projects that Réttur has worked on include the re-financing of Hafnarfjörður Municipality and Reykjavik Energy (Orkuveita Reykjavíkur), and new investments in Icelandic Water Holdings.

Réttur has provided advice on capital controls and currency issues since the implementation of capital controls in Iceland in late 2008. The firm’s attorneys have assisted a vast number of foreign creditors in relation to their investment in Iceland, as well as providing assistance to investors in relation to investments and overseas loans.

The attorneys at Réttur have extensive expertise in the area of intellectual property and trade marks, having successfully worked in those fields for decades. They specialise in the protection of all intellectual property rights such as literature, visual artwork, inventions, scientific research, trade marks and patents. Supreme Court attorney Sigríður Rut Júlíusdóttir, a partner at the firm, is an appointed expert on the Icelandic Copyrights Committee and has extensive experience in the negotiation and litigation of intellectual property rights cases. Réttur has provided advice to the National Theatre of Iceland, the Living Art museum, the Writers Union of Iceland and numerous artists.

DepartmentNameEmailTelephone
Constitutional law Ragnar Aðalsteinsson
Constitutional law Sigríður Rut Júlíusdóttir
Commercial and company Kári Hólmar Ragnarsson
Commercial and company Sigurður Örn Hilmarsson
Commercial and company Friðrik Ársælsson
Competition Ragnar Aðalsteinsson
Competition Friðrik Ársælsson
EU/EEA Kári Hólmar Ragnarsson
EU/EEA Sigurður Örn Hilmarsson
Insolvency and restructuring Kári Hólmar Ragnarsson
Insolvency and restructuring Sigurður Örn Hilmarsson
Insolvency and restructuring Friðrik Ársælsson
Immigration Sigríður Rut Júlíusdóttir
Immigration Katrín Oddsdóttir
Intellectual property Sigríður Rut Júlíusdóttir
International human rights Ragnar Aðalsteinsson
International human rights Sigríður Rut Júlíusdóttir
Litigation Kári Hólmar Ragnarsson
Litigation Ragnar Aðalsteinsson
Litigation Sigríður Rut Júlíusdóttir
Litigation Sigurður Örn Hilmarsson
Natural resources and property Ragnar Aðalsteinsson
Natural resources and property Sigurður Örn Hilmarsson
Number of lawyers : 10
Danish
English
Icelandic
Norwegian
Swedish
Contacts : Kári Hólmar Ragnarsson
Contacts : Sigurður Örn Hilmarsson
Contacts : Sigríður Rut Júlíusdóttir