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Financial Restructuring and Insolvency

LOGOS’ insolvency and restructuring team provides clients with advice on financial restructuring of businesses and financial institutions, payment suspensions, bankruptcy proceedings, negotiation and implementation of voluntary and compulsory arrangements with creditors. We also represent creditors of insolvent estates or distressed enterprises, and act and advise on compulsory dissolution and liquidation of companies.

LOGOS´services in this field extents to drafting contracts, changes to legal entities, settlement of transactions, dispute settlement, litigation, tax treatment of changes and other aspects that are tested in a bankruptcy or financial restructuring.

We have successfully advised a diverse range of distressed enterprises and creditors of such enterprises, including banks, private equity firms, a major shipping line, a pharmaceutical group and savings funds to name but a few. The expertise, size and flexibility of the firm ensures that the optimum amount of experienced staff are committed to each case, which makes LOGOS an excellent choice when seeking advice on insolvency and restructuring in Iceland, be it from the perspective of the distressed entity or its creditors.

Our work in this practice area includes:

  • Advice to creditors of the three major Icelandic banks that failed in 2008.
  • Restructuring.
  • Bankruptcy.

Prospective clients who would like to learn more about our insolvency and restructuring practice are invited to contact the below listed partners.

Rankings (2019)

Legal 500
LOGOS is listed as a "Tier 1" firm in Restructuring and Insolvency

Chambers Europe
LOGOS is listed as a "Band 1" firm in Restructuring/Insolvency