Landslög Law Offices

Reykjavik Office

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Contact: Mr. Vidar Ludviksson, LL.M. (Stanford Law School), Supreme Court Attorney, Partner ([email protected])

Number of partners: 13

Number of lawyers: 20


Main Areas of Practice:

Banking & Finance

Capital Markets

M&A

Insurance

Data Protection

IT Law – Data Protection

Competition/Antitrust & State Aid

Dispute Resolution

Administrative

Restructuring & Insolvency

Tort

Construction

Real Estate


Banking, Finance & Capital Markets:

■ In 2021 Landslog advised Arctic Fish in relation to the company's successful private placement (approx. NOK 600 million). The shares will be admitted to trading on the Oslo Euronext Growth stock market.

■ In 2020 Vidar Ludviksson managed the issuance of a prospectus and legal issues in relation to Hagar hf.‘s (which is listed on the Icelandic Nasdaq stock exchange and which is Iceland’s largest retailer) bond issue in the amount of 5.5 bn ISK, with an authorization to increase the bond issue up to 15 bn ISK (110m GBP) Key Clients: Islandsbanki, Kaupthing Bank and the Financial Supervisory Authority.

■ Landslög have continued to advise the Financial Supervisory Authority on various issues


Commercial, Corporate & M&A:

■ Vidar Ludviksson advised Vodafone Iceland (i.e. Syn hf., which is listed on the Icelandic Nasdaq stock exchange) on the purchase of telecom, Internet, TV and radio broadcasting operations from 365 midlar hf. This is the largest telecom and broadcasting asset purchase transaction ever in Iceland, with a value of around 69 million Euros

■ Vidar Ludviksson, partner at Landslög, advised Hagar hf. (Iceland’s largest retailer, listed on the Icelandic Nasdaq) on the purchase of all shares in the oil company Oliuverzlun Islands hf. The value of the deal is around 133 million Euros

■ Jona Bjork Helgadottir advised Hagar hf. on the purchase of Lyfja hf., one of Iceland’s largest retailers in pharmaceuticals and beauty care products

■ Hordur Helgason advised the Central Bank of Iceland on a deal which furnished Iceland with a new payment settlement system (RTGS system).


Dispute Resolution:

■ Landslög were hired by HS Orka power company to handle arbitration proceedings before the Arbitration Institute of the Stockholm Chamber of Commerce. The case was ranked among Iceland’s largest and complex

Contact: Vidar Ludviksson ([email protected])

■ UK based insurers hired Vidar Ludviksson to handle claims against them under D&O policies purchased by Landsbanki Íslands hf. The ongoing cases are landmark with regard to D&O insurance practice in Iceland and are among the largest and most complex in Icelandic civil procedure


Insurance:

■ Vidar Ludviksson represents UK based insurers under D&O policies purchased by Landsbanki Islands hf. These landmark cases are among the largest and most complex in Icelandic civil procedure


EEA, Competition & State Aid:

■ Landslög advises a number of large corporations, institutions and municipalities in competition-related cases:

- Lyfja, a leading pharmaceutical and health shop retailer

- Hagar, the largest retailer in Iceland

- Several municipalities in Iceland

- Gámaþjónustan – one of the largest firms in Iceland in waste management

- Kortaþjónustan – an Icelandic card acquirer

Contact: Jona Bjork Helgadottir ([email protected]), leading competition attorney in Iceland and former board member of the Icelandic Competition Authority.

■ Johannes Karl Sveinsson, partner at Landslög, Chair of the Appeals Committee of Competition Matters, has advised the subsidiaries of Reykjavik Energy and governmental institutes on State Aid matters


TMT & IP - Data Protection & IT:

■ Landslög is the leading Icelandic law firm on issues relating to processing of personal data and the EU Data Protection Directive. Landslög also specialises in the field of IT related legal issues, IP, telecommunications, software procurement contracts, electronic forensics, etc., where few other law firms in Iceland seem to have any presence at all. Hordur Helgi Helgason, partner at Landslög (and Commissioner of the Icelandic Data Protection Authority 2013-14) is probably the leading expert in Iceland on data protection

Accomplishments include:

■ Directs to EU General Data Protection Regulation (GDPR) compliance efforts of one of Iceland’s three major banks, one of the largest current GDPR compliance effort undertaken in Iceland

■ Actively guides many of the country’s companies and governmental institutions in their ongoing GDPR compliance efforts, including Iceland’s largest retailer, premier IT services supplier, leading insurance companies, municipalities, the National Registry and the National Hospital

■ Advised the Ministry of Justice on implementation of the new EU data protection regime

Real Estate & Construction:

■ Landslog have a strong presence in all aspects of real estate and construction issues. Landslog represent IAV (the country's largest contractor). Further, Hildur Vidarsdottir, partner at Landslog and lecturer on real estate law, has represented real estate owners in many of the largest real estate court cases over the past years.


Restructuring & Insolvency:

■ Legal counsel for Kaupthing in a dispute rising out of Credit Suisse’s claim towards Kaupthing (around 200 million Euros)

■ Legal counsel for the Central Bank of Iceland’s Holding Company