On 1 September 2020, Icelandic act no. 71/2020, amending the Icelandic Trademarks Act no. 45/1997, entered into force. The act implements the European Union trademark directive 2015/2436 into Icelandic law. It contains various new provisions and harmonizes the EU and EEA trademark systems, not only regarding trademarks but also regarding collective marks and guarantee and… Read more »
Lára Herborg Ólafsdóttir, partner at LEX, wrote an article in the business section of the icelandic newpaper Morgunblaðið, in which she discusses the interplay between financial technology and privacy law, as Iceland takes first steps in the implementation process of Directive no. 2015/2355/EC (PSD2) and harmonizing the rules on payment services with those applicable in… Read more »
Iceland has finally implemented the EU directive on Alternative Investment Fund Managers (AIFMD) with the enactment of Act no. 45/2020 which came into force this spring. Although the Icelandic regulator has in practice observed part of AIFMD’s provisions this is a much needed and pleasing step whereas comprehensive legislation is now applicable to AIFMs and… Read more »
As of yesterday, the Icelandic Act no. 78/2019, implementing the NIS Directive has taken effect. Lára Herborg Ólafsdóttir, partner at LEX, wrote an article in the business section of the icelandic newspaper Morgunblaðið today where the new laws and their effect on icelandic society is introduced.
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