
The commercial, corporate, and M&A team at KPMG Law in Iceland consistently provides advice to clients on a variety of matters, including private equity acquisitions and funding, supporting clients on both sides of the acquisition process and regularly involving cross-border aspects. The team is helmed by Jónas Rafn Tómasson and Ásgeir Skorri Thoroddsen, with Jónas specializing in M&A, due diligence, and tax law, and Ásgeir providing support particularly on corporate law and financing. Additionally, Ævar Hrafn Ingólfsson advises effectively on corporate law and domestic and international tax matters.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Their experience and service are outstanding. Easy to work with.’
- ‘The team is great, very accessible and solution-driven. They know what we need and how to provide us with the service we need every time.’
- ‘Every individual on the team delivers exceptional work, and they deliver it within the time frame given. Jónas Rafn Tómasson and others just keep on delivering.’
- ‘Collaboration excellent. Good staff who go beyond and above in service. ’
- ‘Very good service attitude.'
Key clients
- Eignarhaldsfélagið Hof ehf.
- Míla Group
- Blue Lagoon
- Genís hf.
- Styrkás hf.
- Fiskeldi Austfjarða hf. (now Kaldvík hf.)
- Hagar hf.
- Sunstone Group
- Kaupfélag Skagfirðinga
- Origo hf.
- Arctic Circle Hotels ehf
- Arkio ehf.
Work highlights
Advised the seller on the sale of Kraft to Styrkás.
Provided extensive legal and tax support to FluidStack IS ehf. regarding the import of $47mn worth of Exscale GPU clusters for AI cloud computing services.
Advised both owners of Armar ehf. on separating two major corporate groups—one in construction equipment rental and the other in commercial real estate.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Jónas Rafn Tómasson; Ásgeir Skorri Thoroddsen
Other key lawyers
Ævar Hrafn Ingólfsson

