News

LEX will periodically publish news regarding the firm and its attorneys as well as notifications regarding published material from LEX.

go to next

News

LEX

The large number of practicing lawyers at LEX means that the firm is able to provide services from specialists in the field each time.
LEX law offices offers litigation, arbitration and dispute resolution services in every major field of Icelandic law.

Composition Agreement

1. October, 2020

Birgir Már Björnsson, partner at LEX wrote an article in business section of the icelandic newpaper Morgunblaðið, where he discussed composition agreements in bankruptcy proceedings. Despite the fact that in the event of bankruptcy, the company’s owners lose dominance and rights over it, they still have the opportunity to recover their company from bankruptcy proceedings. Chapter XXI. of the Bankruptcy Act stipulates that it is possible to complete bankruptcy proceedings with composition agreement.

Back to news