Lex Law Offices fields a seasoned team of experts, with decades of experience advising banks, financial institutions, and a range of other prominent market participants. The department has notable strength in ESG matters, and during 2023 advised investment banking company Natixis on a $100m senior secured green term loan financing to Verne Global. Department head Ólafur Haraldsson has expertise in loan and security agreements, corporate financings, and restructurings. Other core team members include Supreme Court Attorney Guðmundur Ingvi Sigurðsson, whose primary strengths are in corporate finance and debt restructuring work, and capital markets specialist Stefán Orri Ólafsson. Eva Margrét Ævarsdóttir, who made partner in January 2023, is a leading name for green and sustainable lending.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The team I had was outstanding. Caring and fighting for my interests. Made the legal jargon simple for a novice to understand, and taught me a lot.'
- 'They are on top of things, they were aggressive enough to remind the legal counsel of my investors to know their place and made me never feel alone.'
- 'Leaders in Icelandic jurisdiction in a wide range of settings. Very pragmatic and commercial. Can find solutions to unusual problems.'
- 'Lex is a leading firm in Iceland with excellent and experienced attorneys. Stefán Orri Ólafsson is the authority on securities law in Iceland.'
- 'Stefán Orri Ólafsson is highly skilled and experienced in capital markets and banking law.'
Key clients
- Kaldalón
- Íslandsbanki
- Stefnir hf.
- Íslandssjóðir
- Landsbréf hf.
- Kvika Asset Management
- atNorth Holding AB
- Treble Technologies
- Alfa Framtak hf.
- Apax Partners LLP
- Natixis
- Centerbridge Partner Europe LLP
- Vitar games ehf.
- Arion banki
Work highlights
- Representing the creditors of Kaldalón hf., an Icelandic listed real estate company, with regards to the security agency structure. The security agency related to a ISK30bn base prospectus and separate bank loans up to ISK10bn.
- Acting as the lead legal counsel to Apax Partners which is financing the growth of the Icelandic company Controlant hf. by lending it $40m.
- Advising Natixis on the Icelandic aspects of a senior secured green term loan financing to Verne Global hf., which is a leading data centre platform in Iceland wholly powered by renewable energy.
Lawyers
Hall of Fame
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Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
The lawyer(s) leading their teams.
Ólafur Haraldsson