Lex Law Offices is highly respected for its expertise in financial restructurings and bankruptcy procedures, with market-leading proficiency in liquidating high-profile estates and companies. Areas covered by the team include moratoria, cessation of payments, and forced agreements with creditors. Financial restructuring specialist Guðmundur Ingvi Sigurðsson leads the practice alongside Þórhallur Bergmann, an expert in bankruptcy proceedings, and Birgir Már Björnsson, whose practice covers both contentious and non-contentious bankruptcies. Other core team members include Arnar Þór Stefánsson, a key contact for litigation, and associate Kara Borg Fannarsdóttir.
Legal 500 Editorial commentary
Key clients
- Estate of Jötunn vélar hf.
- Estate of Torg ehf.
- Estate of Hafnarskeid 6 ehf.
- Bankruptcy Estate of BH20 ehf.
- Bankruptcy Estate of GS Gluggar ehf.
- Bankruptcy Estate of Stólpavík ehf.
- Bankruptcy Estate of Betonorte ehf.
- Estate of Héðinn Veitingar ehf.
- Estate of GRGS ehf.
- Bankruptcy Estate of GRGS ehf.
Work highlights
- Advising on the bankruptcy proceedings of Torg ehf. one of the largest companies in the Icelandic media market.
- Advising on the bankruptcy proceedings of Jötunn Vélar ehf., a commercial distributor of agricultural machines with an annual turnover of ISK2.7bn before its bankruptcy.
- Advising on the bankruptcy proceedings of the owner and operator of the fine dining restaurant “Héðinn Kitchen and Bar” located in downtown Reykjavík.
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 associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Kara Borg Fannarsdóttir
Lex Law OfficesLeading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Þórhallur Bergmann
Lex Law OfficesNext Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Birgir Már Björnsson
Lex Law OfficesPractice head
The lawyer(s) leading their teams.
Þórhallur Bergmann, Guðmundur Ingvi Sigurðsson, Birgir Már Björnsson