Lex Law Offices

Managing Partner
Örn Gunnarsson
orn@lex.is

Meet the team.

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Our latest news.

LEX is one of Iceland’s leading law firms, providing clients with a comprehensive range of services on a wide spectrum of financial, corporate and commercial issues, as well as other aspects of the law. It is the firm’s policy to meet the legal requirements of our clients in the context of ever-changing local and international markets.

Over the past decades, LEX has successfully acted on behalf of a large number of internationally respected corporations, organizations and private individuals both in Iceland and abroad.

Among LEX’s clients are major local and international banks, financial institutions, merchants and ship owners, along with a large number of municipalities, government organizations, insurance companies, manufacturers, businesses, media outlets, utilities and private individuals.

• Asset finance 
• Banking 
• Capital markets: Debt, Derivatives, Equity, High yield 
• Competition 
• Covered bonds 
• Financial restructuring 
• Financial services regulatory 
• Investment funds 
• M&A 
• Private equity 
• Project finance 
• Real estate finance/funds
• Restructuring and insolvency
• Securitisation 
• Project development 

Banking, finance and capital markets

Ólafur Haraldsson
olafur@lex.is

Recent transactional highlights:

• LEX is an important provider of legal services to all three major banks in Iceland, Arion Bank, Islandsbanki and Landsbankinn. LEX also provides legal advice to Kvika Bank hf., a specialized investment bank focusing on asset management and capital markets. Recently, LEX represented Digital Bridge in its acquisition (separate notice) and financing of over 400 passive telecommunication infrastructure towers all around Iceland. Loans were made from Arion banki and a new infrastructure finance fund managed by Kvika Assets Management.
• Further LEX represented Carbfix, a subsidiary of Reykjavík Energy, in the incorporation and financing of the Coda Terminal Project (https://www.carbfix.com/codaterminal) , the first of its kind scalable onshore CO2 mineral storage hub.

M&A, Corporate & Commercial
Guðmundur Ingvi Sigurðsson
gudmundur@lex.is

Recent transactional highlights:

• LEX has premium position in the Icelandic M&A market as evident by it’s involvement in number of domestic and international transactions over the years. One of the recent M&A transactions was the largest M&A transaction in Iceland in the last 14 years and was very complex, involving foreign investor to acquire a nationally important infrastructure asset (an exercise which has never been done in Iceland before).
• SKEL Investment Company put their real estate owned by the company in an open sale process. The sale process consisted of selling the property and leasing it back, either to a long-term landlord or to a real estate development project. LEX provided SKEL with advice regarding the project, both regarding the negotiations and the documentation. The project was very extensive and was carried out in collaboration with Íslandsbanki's Corporate Finance, which handled the sales process on behalf of SKEL.

• Aviation
• Banking
• Construction and materials
• Energy
• Financial services
• Fisheries and aquaculture
• Food and beverage
• Government and public policy
• Healthcare
• Industrials
• Insurance
• Investment management
• Media
• Natural resources
• Oil and gas
• Pharm and life sciences
• Real estate
• Shipping
• Social infrastructure
• Tech and telecoms
• Tourism
• Transport
• Utilities