Lára Herborg Ólafsdóttir, partner and attorney at LEX, writes about Ransomware and Board of Directors´ liability in an article in the business section of the Icelandic newspaper Morgunblaðið, which was published earlier this month. In the current business environment, where the number of security threats is increasing, it must be considered reasonable for company executives to take targeted measures to ensure the security of the information that the company possesses. If no such measures are taken by the Board of Directors, it can be concluded that the Board of Directors may, as the case may be, be liable for damages caused by cyber-attacks.

The Icelandic news site Visir published an article by Eva Margrét Ævarsdóttir, who leads the ESG Services at LEX, about sustainability reporting. In the article, she writes about the increased demand from investors and lenders for improved data and transparency on sustainability priorities and impact of companies in their operations. She summarizes the changes proposed by the draft Corporate Sustainability Reporting Directive from the EU, which is intended to enhance transparency on corporate performance in terms of sustainability, and over time bring sustainability reporting on par with financial reporting.

In the latest episode of Talk Innovation – the EPO podcast, that is titled „Rock CO2, roll back climate change“ María Kristjánsdóttir, attorney at LEX and Bergur Sigfússon, Head of CO2 Capture and Injection, CarbFix discuss carbon capture and the role of IP rights in facilitating planet-saving partnerships.

The episode is in collaboration with the Icelandic Intellectual Property Office – in connection with their 30th-anniversary conference – IP and sustainability: Innovation for a brighter future that takes place on the 4th of November.

In an article published in the business section of the Icelandic newspaper Morgunblaðið today, Birgir Már Björnsson, partner and attorney at LEX Law Offices, discusses Act no. 32/2009 on guarantors and the recent judgment of the National Court where the guarantor’s liability was cancelled for the first time in full due to the lender’s negligence in notifying the guarantor.

LEX Law Offices is among 2,2% of Icelandic companies that meet the strict conditions of the Icelandic business paper Viðskiptablaðið and the business information provider Keldan and is recognised as Excellent in Iceland 2021.

We at LEX are proud to be among the 2% of Icelandic companies that are recognized as Strongest in Iceland in 2021 and meet strict conditions of CreditInfo’s analysis of Outstanding Companies.

Treble Technologies, an Icelandic start-up company has completed just over ISK 200 million funding round. LEX Law Offices, led by Birgir Már Björnsson and Fanney Frímannsdóttir, acted as the company’s legal advisor in the funding process.

Treble Technologies develops cutting-edge wave-based sound simulation products for the AEC industry and has been operating since 2020. Treble Technologies develops software solutions that revolutionize the way sound and acoustics are dealt with in building design. The products enable designers of the built environment to mitigate noise and design soundscapes through advanced simulations and ultra-realistic immersive audio-visual virtual renderings of buildings.

G.H. Sigurgeirsson Intellectual Property., an IP boutique subsidiary of LEX Law Offices, has submitted the first application for registration of a color mark to the Icelandic Intellectual Property Office on behalf of the aquaculture company Arnarlax hf.

Color marks are now registrable following the entry into force of an amendment of the Icelandic Trademark Act on 1 September 2020.

The color that Arnarlax has requested to be registered has the following color code:

Pantone 630 c
CMYK 65-10-25-0
RGB 114-176-189
HEX 72B0BD

The Icelandic newspaper Viðskiptablaðið published an article by Eva Margrét Ævarsdóttir, who leads the ESG Services at LEX, about the changing investment landscape and the EU Sustainable Finance Strategy. Investors and capital owners are now focusing their attention on how Climate change and global warming have become a significant risk factor. There is an enormous increase in investments that consider the environmental, social, and governance factors, so-called ESG (environment, social, governance) investing. In the article, she writes about the initiatives under the EU Sustainable Finance Strategy, including the EU Taxonomy, and how they will affect financing and investments in Iceland.

Lára Herborg Ólafsdóttir, attorney and partner at LEX wrote an article in the business section of the Icelandic newspaper Morgunblaðið recently on the challenges regarding interoperability and vendor lock-in in public procurement.