Birgir Már Björnsson, attorney and partner at LEX, wrote an article in the business section of the Icelandic newspaper Morgunblaðið last week where he addresses the development of minority protection in legislation and case law and recent legislation on minority protection in decision-making in hunting associations.

Birgir Már Björnsson, attorney and partner at LEX, wrote an article in the business section of the Icelandic newspaper Morgunblaðið this summer in which he points out the advantages of utilizing accumulated leave due to the legal status of leave claims in the event of bankruptcy.

Lára Herborg Ólafsdóttir, attorney and partner at LEX wrote an article in the business section of the Icelandic newspaper Morgunblaðið earlier this week, on the recently published EDPB´s final recommendations on supplementary measures following the Schrems II ruling.

Earlier today, Síldarvinnslan hf. was listed on the main market of Nasdaq Iceland. In the run-up to the listing, a public share offering took place.

LEX law offices, led by Eyvindur Sólnes and Stefán Orri Ólafsson, rendered legal advice to Síldarvinnslan during the listing and offering process.

LEX law offices is participating in the Icelandic Innovation Week 2021. On Monday the 31 of May at 14:00 – 15:30, Lára Herborg Ólafsdóttir, attorney and partner at LEX law offices, and Thelma Christel Kristjánsdóttir, attorney and associate at LEX law offices, will host a presentation focusing on Artificial Intelligence (AI) and law. The presentation will focus on how AI can be/is used in the legal industry, European and Icelandic policy strategies concerning AI, European investments in AI, and a new regulation draft from the European commission on AI.
The presentation will both be open to in-person audience and hosted at Gróska, creative community, Bjargargötu 1, 102 Reykjavik and via streaming.

Lára Herborg Ólafsdóttir, attorney and partner at LEX, discussed in the business section of the Icelandic newspaper Morgunblaðið last week a draft regulation on the use of artificial intelligence within the European Union (AIPR). The European Commission published the draft recently. The aim of the regulation is among other things to influence the methods used when companies develop, market and use digital technology in its various forms.

The Icelandic Intellectual Property Office has issued its ISIPO Gazette for April, where the first Icelandic motion marks are published. Motion marks are an example of non-traditional trademarks now registrable following the entry into force of an amendment of the Icelandic Trademark Act on 1 September 2020.

GH Sigurgeirsson IP, LEX’ IP boutique subsidiary, represented the owners of both national motion marks published in the Gazette and handled both applications. One of the marks is also owned by an Icelandic party and consequently one of the first, if not the first, national non-traditional trademark owned by an Icelandic entity, a motion mark for one of the country’s most popular podcasts, DR. FOOTBALL.

The Legal 500 analyses the capabilities of law firms across the world, with a comprehensive research programme revised and updated every year to bring the most up-to-date vision of the global legal market.
In the 2021 edition, LEX was ranked in Tier 1 in all nine practice areas, the only Icelandic law office to be ranked Tier 1 in all practice areas, and for the second year in a row;

• Banking, Finance and Capitals Markets
• Commercial, Corporate and M&A
• Dispute Resolution
• EEA and Competition
• Employment
• Maritime and Transport
• Real Estate and Construction
• Restructuring and Insolvency
• TMT and IP

LEX is full of pride over this impressive performance.
The full ranking with testimonials and list of key clients can be viewed here

Last week the District Court of South Iceland rendered a judgment where Eyrarbúið ehf. was ordered to pay Plús film ehf. ISK 20.166.583 as well as penalty interest and legal costs. The dispute arose in relation to a documentary film, Eyjafjallajökull Erupts, that a company owned by the filmmaker Sveinn M. Sveinsson produced in co-operation with the defendant, observing the life at the farm Þorvaldeyri during and after the volcanic eruption in Eyjafjallajökull in 2010. The defendant showed the documentary for several years for a very large number of visitors in a guest room at the farm Þorvaldeyri, close to the volcano. The film was also distributed on DVD disks produced by the plaintiff and sold at the guest room. The court did not accept the arguments of the defendant that he alone held all copyrights to the film and ordered the defendant to pay to the plaintiff 50% of the profits deriving from this exploitation of the film during the last years of exploitation. Erla S. Árnadóttir proceeded the case for the plaintiff.

Levine Leichtman Capital Partners (LLCP), a global private equity firm has acquired Creditinfo Group. Established in 1997 and headquartered in Reykjavík, Iceland, Creditinfo is a provider of credit information and risk management solutions worldwide.

Fanney Frímannsdóttir, attorney at LEX Law Offices, acted as local counsel to LLCP on the acquisition.