LOGOS advises Kaupthing on its sale of shares in Arion Bank.
LOGOS advised Kaupthing when it sold a 5.34% stake in Arion Bank last week. The stake was sold to a number of Icelandic funds and two foreign investors. Other advisors in the transaction included Kvika Bank and the foreign law firm White & Case.
Chambers and Partners ratings for 2018
Chambers and Partners have announced its ratings for this year (Chambers Global 2018) and below are the highlights:
- LOGOS continues to be ranked in Band 1 for Corporate/Commercial
- Þórólfur Jónsson and Óttar Pálsson are ranked in Band 1, Gunnar Sturluson in Band 2 and Ragnar Tómas Árnason in Band 3.
- Helga Melkorka Óttarsdóttir is ranked as an “Eminent Practitioner”.
- Guðmundur J Oddsson and Gunnar Þór Þórarinsson are ranked as specialists abroad
- Read more about LOGOS' ranking in the Chambers Global 2018 Guide
- LOGOS also ranks in Band 1 for Dispute Resolution
- Ólafur Eiríksson is ranked in Band 1 and Heiðar Ásberg Atlason in Band 2
- Read more about LOGOS' ranking in the Chambers Global 2018 Guide
These are excellent results, LOGOS continues to be ranked in Band 1 in all categories and is the only Icelandic law firm that has achieved this.
16 February 2018
Article by Erlendur Gíslason
Getur alþjóðasamningur leit til lægri flugfargjalda article by Erlendur Gíslason Partner at LOGOS was published in Viðskiptablaðið (a weekly business news publication in Iceland) today.
Erlendur who specialises in Aviation law is writing about the Cape Town Convention and the impact it could have if legally enforced in Iceland.
15 February 2018
VIS Insurance and Atafl acquitted in the Supreme Court
VIS insurance and Atafl were acquitted in the Supreme Court of all claims made due to an accident that occurred during the preparation of a discharge of a fork lift from a truck. The court believed it was not proven how the accident happened and if it was connected to the truck or its use. Ólafur Eiríksson, attorney at LOGOS legal services, acted as counsel for both defendants before the Supreme Court.
13 February 2018
Hjördís Halldórsdóttir' presentation at IT conference, UTmessan in Reykjavik
At the recent IT conference in Harpa Conference Center in Reykjavik, UT Messan, one of the partners at LOGOS, Hjordis Halldorsdottir, gave a presentation on profiling and automated decision making, or decisions by artificial intelligence (AI). The new Act on Data Protection addresses both and places certain demands on businesses that are important to be aware of, especially if the plan is to automate business processes and utilise AI in the business.
The lecture is available under the following link (in Icelandic): Persónusnið og sjálfvirk ákvarðanataka. Þegar algoritmarnir ráða.
6 February 2018
Kvika banki hf. acquitted of all claims made by ET sjón ehf.
Kvika banki hf. was acquitted of all claims made by ET sjón ehf. before the District Court of Reykjavik on 24 January 2017. A claim had been made for roughly ISK 301 million due to loss which ET sjón ehf. felt it had suffered in relation to insufficient consultancy services carried out by Kvika banki hf.’s predecessor.
The District Court of Reykjavik did not agree to ET sjón ehf.’s cause of action and acquitted Kvika banki hf.
Óttar Pálsson, attorney at LOGOS legal services, acted as counsel for Kvika banki hf. before the district court.
LOGOS' 110 year anniversary celebration
November 9th LOGOS held a party to celebrate its 110 year anniversary.
In 1907 Sveinn Björnsson (later the first president of Iceland) established the Counsel Office. The Counsel Office was also the first law firm ever opened in Iceland. In the year 2000, The Counsel Office merged with another law firm called Adalsteinsson and Partners, which was established in 1969 by Ragnar Adalsteinsson. This marked the beginning of LOGOS.
Pictures from the party can be found here courtesy of Viðskiptablaðið: 110 ára afmæli LOGOS
New articles by LOGOS' Partners
Um eignaskatta, artcile by Jón Elvar Guðmundsson published in Viðskiptablaðið (A weekly busniess news publication in Iceland) on October 26th. Jón Elvar specialises in Tax law and is writing about potential difficulties in imposing net wealth taxes due to consitutional issues in his article.
Algengir misbrestir við meðferð persónuupplýsinga, article by Áslaug Björgvinsdóttir published in Viðskiptablaðið on November 2nd. Áslaug who specialises in data protection and IP writes about common mistakes made when processing personal data.
Chapter on Iceland in Regional Guide to Retirement Plans & Schemes by Ólafur Eiríksson. The chapter is a brief overview of the laws relating to the regulation of retirement plans and schemes in Iceland.
Iceland Innovation and Growth Forum 2017
Gudmundur J Oddsson head of LOGOS‘ London office will partake in Iceland Innovation and Growth Forum 2017 held in London on 6th and 7th of November. Gudmundur will be on panel with a few other leaders of Icelandic firms who have successfully scaled in the UK.
Lifting of Capital Controls
On March 14th 2017, new rules issued by the Central Bank of Iceland came into effect, lifting the capital controls which have been in force in Iceland since October 2008.
The new rules are structured as general exemptions from the provisions of the Act on Foreign Exchange. Although the new rules are intended to effectively lift the capital controls, a few issues remain to be further clarified by the Central Bank. Furthermore, certain cross-border transactions remain subject to notification to, or conformation by, the Central Bank of Iceland.
Please see further details on The Central Bank of Iceland website.
For further information please contact Benedikt Egill Arnason, Partner (firstname.lastname@example.org), Gudbjorg Helga Hjartardottir, Partner (email@example.com) or Heidar Asberg Atlason, Partner (firstname.lastname@example.org).
LOGOS announces the promotion of three new partners with effect from 1 January 2017. Mrs Áslaug Björgvinsdóttir is based in the Reykjavik office and Mrs Anna Huxster and Mrs Claire Broomhead are new partners in the London office. Each brings a different blend of talent, expertise and experience to the partnership which will further strengthen the position of LOGOS as the leading law firm in Iceland with a strong team in its London office.
Áslaug Björgvinsdóttir is a qualified Icelandic lawyer and specialises in Information Technology Law, including Data Protection and e-commerce, as well as Intellectual Property Law. Áslaug has extensive experience in advising both domestic and foreign clients, both in commercial negotiations and dispute resolution.
Áslaug received her M.L. from Reykjavik University in 2007 and a post-graduate degree in European Intellectual Property Law from the University of Stockholm in 2012. She qualified as an Icelandic district court attorney in 2008. Áslaug is also a Certified Information Privacy Professional (IAPP qualification).
Claire Broomhead is a Solicitor in England & Wales and specialises in cross-border mergers and acquisitions, joint ventures, restructuring and general corporate advisory. She has over 15 years of experience and has held the pen and coordinated some of the largest transactions the firm has managed in the last few years. She was previously with Mallesons Stephen Jaques in Sydney and Eversheds in Leeds.
Claire studied law at the University of Manchester and College of Law in Chester.
Anna Huxster is a Solicitor in England & Wales and specialises in international and domestic commercial litigation and arbitration. She trained at Lawrence Graham LLP, qualifying in 2007, before joining LOGOS in 2011. She has worked on a wide range of large cross-border contentious matters in the last few years for a varied range of clients, both Icelandic and non-Icelandic.
Anna studied chemistry at the University of Bristol before graduating from BBP Law School in 2004.
“It is a pleasure to welcome Áslaug, Anna and Claire as partners at LOGOS. Each has specialised in fields that are important to our clients, both in Iceland and abroad. Data Protection is a growing field that will be changing considerably in the near future. Áslaug is a leading authority on the subject in Iceland and will lead our client consultation in this field. Anna Huxster has assisted our clients on a number of cross-border dispute with great success and will continue to do so. There is great demand for such services both from Icelandic clients with interests abroad as well as international clients with interests in Icelandic dispute resolution. Claire Broomhead has led some of the largest cross-border mergers and acquisitions of our clients over the last few years and has established a very strong reputation with our clients. We are pleased to be able to provide our clients with an even better service.” - Helga M. Óttarsdóttir, Managing Partner of LOGOS.
LOGOS is a fully integrated law firm with offices in Reykjavik and London. LOGOS provides companies and institutions with services based upon the firm’s legacy of legal practice since 1907. LOGOS specializes primarily in corporate and commercial law providing service for both the international business community and local Icelandic clients requiring international legal assistance. The firm is committed to offering an excellent and efficient level of legal service to its clients in every practice area covered by the firm.
Amendments to the data protection legislation
In September LOGOS and Microsoft Iceland held a meeting about amendments to the data protection legislation.
Summary and interviews (mostly in icelandic) from the meeting can be seen in the following video: Umbylting í persónuverndarlöggjöf
LOGOS LONDON OFFICE RANKED AS TOP-TIER FIRM BY LEGAL500 UK
We‘re pleased to announce that LOGOS has been recommended as a top-tier firm by the Legal 500 UK in the category ‘Foreign Firms – European firms in London – Scandinavia.
Gudmundur Oddsson and Gunnar Thor Thorarinsson have also been recommended as leading lawyers in the same category.
The Legal500 UK bases its rankings on the strength of the team and the consistent strength of the team as well as contacts and credibility of top clients, capacity for large transactions/matters and prestigious clients, among other things.
We also wish to thank our clients for giving us such consistently good feedback on our work for them.
Chapter on Iceland in Private Antitrust Litigation Global Guide 2016/17
Helga Melkorka Óttarsdóttir and Gunnar Sturluson recently wrote a chapter on Iceland for Thomson Reuters's Private Antitrust Litigation Global Guide 2016/17. The chapter: Private antitrust litigation in Iceland: overview has been published online and can be accessed here: Private antitrust litigation in Iceland: overview