EFTA - Iceland

LOGOS

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LOGOS fields a team with 'exceptional knowledge and experience', which is active across the full spectrum of transport matters. The considerable shipping and maritime expertise of the department is bolstered by coverage of aviation and aircraft finance matters, with the group regularly acting for airlines, aircraft owners and banks. The group is jointly led by Einar Baldvin Axelsson and Erlendur Gíslason; Axelsson is certified as a real estate and vessel broker, and acts as chairman of the Board of Directors of the Icelandic Maritime Law Association, while Gíslason leads on aviation matters, and is a qualified Supreme Court Attorney. Fannar Freyr Ívarsson made partner in January 2023 and specialises in aircraft finance work.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Exceptional knowledge and experience in legal services on a broad basis.’

  • ‘Einar Baldvin Axelsson is by far the best maritime lawyer in Iceland, has a lot of experience and knowledge of the Icelandic maritime code and has played a big role in designing applicable terms and conditions used in shipping and insurance in Iceland. Great solicitor, well liked and appreciated in the business.’

  • ‘The practice offers a wide range of services covering most requirements needed by our company. The practice has a long and reliable history of practice.’

  • ‘The practice has services and individuals with extensive experience and specialising in maritime and transport law, and we evaluate that the practice is the industry leader in this area in Iceland.’

  • ‘Great knowledge, problem-solving skills and accessibility.’

  • ‘Erlendur Gíslason: Great knowledge, experience, pragmatic, problem-solving skills and accessibility.’

  • ‘Logos is very professional, they always work on all our matters with integrity and provide good advice. They are quick to reply, and we have been very satisfied with their legal expertise.’

Key clients

  • Eimskip Island ehf.
  • TVG-Zimsen ehf.
  • Gara ehf.
  • Saeferdir ehf.
  • Vatryggingafelag Islands hf.
  • Icelandair ehf.
  • The Icelandic Coast Guard
  • TM tryggingar hf.
  • The Shipowners P&I club
  • The North Standard Club
  • Air Atlanta Icelandic
  • Atlantic Tank Storage ehf.
  • Icelease ehf.
  • Norlandair ehf.
  • Arion bank
  • W.R. Berkley Insurance Nordic
  • Sjotaekni ehf.
  • GPG Seafood ehf.
  • Bjorgun ehf.
  • Sjova-Almennar tryggingar hf.
  • Vordur tryggingar hf.

Work highlights

  • Defended Eimskip Island ehf. and its liability insurers Sjova in a personal injury case involving Eimskip's terminal in Reykjavík before the District Court of Reykjavík.
  • Advised the Icelandic Coast Guard on the salvage of the fishing vessel “Masilik” and successfully negotiated out of court settlement of a salvage reward under Icelandic law.
  • Advised Icelandair ehf., the Icelandic flag carrier, on a series of transactions regarding the introduction of the Boeing 737MAX 8/9 type aircraft into its fleet.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading individuals

Practice head

The lawyer(s) leading their teams.

Einar Baldvin Axelsson, Erlendur Gíslason

Other key lawyers

Fannar Freyr Ívarsson