BBA//Fjeldco provides comprehensive advice on both transactional and contentious corporate restructurings, workouts, and insolvency matters. The practice is jointly headed by Einar Baldvin Árnason, who manages large-scale restructuring projects across diverse sectors for financial institutions, major retailers, oil companies, and airlines; and Gunnar Thor Thorarinsson, who complements the team with his expertise in advising international investors on their ventures in Iceland and supporting Icelandic investors in overseas investments, notably in the context of restructuring Iceland’s financial system. Baldvin Björn Haraldsson is a prominent figure in energy sector restructurings.

Lex Law Offices has extensive experience in the field of insolvency, bankruptcy, and financial restructuring, advising clients on liquidation proceedings, moratoria, cessation of payments, composition issues and forced agreements with creditors. The practice is jointly led by Þórhallur Bergmann, Guðmundur Ingvi Sigurðsson and Birgir Már Björnsson; Bergmann and Björnsson focus on bankruptcy proceedings, and Sigurðsson handles financial restructurings of major companies and government agencies. Associate Kara Borg Fannarsdóttir is another key member of the practice.

LOGOS‘ insolvency and restructuring team advises on financial restructurings for businesses, financial institutions, and wealthy individuals, including payment suspensions, bankruptcies, creditor arrangements, compulsory dissolutions and liquidations. Team leader Heiðar Ásberg Atlason assists international banks and financial institutions with bankruptcy law, financial restructurings, and workouts. Óttar Pálsson specialises in banking and financial restructurings, commercial litigation, and offers local counsel to international investors.

Réttur – Adalsteinsson & Partners, which is recognised for its ‘professionalism’ and ‘client-focused service’, provides expert assistance in insolvency and corporate law, rescission cases, litigation, and settlement negotiations, handling both domestic and cross-border matters. Supreme Court Attorney Sigurður Örn Hilmarsson and newly promoted partner Stefán Örn Stefánsson jointly lead the practice, with Hilmarsson representing major international actors in winding-up and recission proceedings, and Stefánsson focusing on insolvency law, financial regulations, and tax law.

Juris offers clients comprehensive guidance across all aspects of restructuring and insolvency law. The practice is co-led by Andri Árnason, who is noted for his experience in the contentious and financial aspects of restructurings and insolvency work, and Halldór Jónsson, who frequently serves as company liquidator and has substantial expertise in restructuring matters.