Stefán Orri Ólafsson, attorney and partner at LEX, published an article in the business medium Innherji earlier this week regarding the dilemma issuers of financial instruments often face when assessing whether it is necessary to issue a profit warning between its interim financial reports.

Innherji, an Icelandic business news site, recently published an article by Kristinn Ingi Jónsson, lawyer and associate at LEX Law Offices. In the article, Kristinn Ingi discusses the interaction between freedom of the press and the sharing of insider information and journalists´ right to convey insider information in order to verify the veracity of rumours.

Innherji, an Icelandic business news site, published an article today by María Kristjánsdóttir, attorney and associate at LEX Law Offices and Managing Director of GH Sigurgeirsson IP. In the article, María discusses metaverse from a trademark law perspective and the need to ensure adequate protection of trademarks and other intellectual property rights when used on this new platform.

Benedikta Haraldsdóttir, attorney and associate at LEX Law Offices, wrote an article on the Icelandic news site Vísir on October 17 regarding interesting developments in the European Union on the interaction of data protection law and competition law.

The Advocate General of the European Court of Justice has issued a legal opinion in the case of Meta against the German Competition Authority, which could lead to the expansion of the sphere of authority for competition authorities to assess key issues in the field of privacy law.

The validity of consent for the extensive processing of personal data by technology giants in the digital market is a top-of-mind priority at the European Commission, and it is among the issues that the Digital Markets Act, which comes into effect on November in the European Union, is intended to address.

LEX provided legal advice to the French private equity firm Ardian with respect to the acquisition of all shares in the telecommunications operator Míla ehf. The legal advice included, among other things, due diligence, assistance in the preparation and negotiation of share purchase agreement, financing agreements and agreements with co-investors, obtaining clearance from the Icelandic Competition Authority as well as negotiations with the Icelandic government.

The acquisition is the largest in Iceland for fifteen years.

Míla ehf. is Iceland’s largest telecommunications infrastructure company and owns a comprehensive network comprised of fixed broadband, mobile access and backhaul covering the entire country.

Ardian is a long-term investor in essential infrastructure and one of the largest private equity managers in Europe with around $140 billion of assets under management. Investors in Ardian’s funds include governments, pension funds, insurance companies and other institutional investors.

„Lagadagurinn“, a legal event with seminars for lawyers and judges, will be held at the Hilton Reykjavík Nordic on Friday, September 23. The Icelandic Bar Association, the Icelandic Lawyers’ Association and the Icelandic Judges’ Association organize the event.

The program during the day is diverse in terms of topics and sessions will be held on the following subject matters:

I. The judicial system
II. Sustainability and climate change
III. Public office
IV. The justice system in times of social change
V. Immigration law
VI. Financial law

Program

Partners Ólafur Haraldsson, Stefán Orri Ólafsson and Guðmundur Ingvi Sigurðsson are ranked as „Highly Regarded“ in IFLR1000 latest ranking. The IFLR1000 is the guide to the world’s leading financial and corporate law firms and lawyers.

The IFLR1000 is the guide to the world’s leading financial and corporate law firms and lawyers. IFLR1000 just released their latest ranking and LEX has yet again been ranked in Tier 1, in Financial and Corporate as well as Project Development.

The Icelandic newspaper Morgunblaðið, published an article in its business section today by Lára Herborg Ólafsdóttir, partner and attorney at LEX, where she writes about Crypto Assets and the proposed Markets in Crypto Assets regulation (MiCa).

Eva Margrét Ævarsdóttir, who leads Environmental, Social, Governance (ESG) services at LEX, wrote about a few aspects of sustainability in the latest issue of Lögmannablaðið (published by the Icelandic Bar Association) and how sustainability matters will shape the work of lawyers in the near future. Amongst other she wrote about how the concept of sustainability has been evolving, the framework around sustainability and about the harmonization of standards currently taking place. Further, she talks about the impact of the proposed legislative changes both under The EU European Green deal and other initiatives and about increased emphasis on sustainable investing and the risk of greenwashing. She also talks about how human rights issues are rising up the agenda.