BBA//Fjeldco is recognised for its strength in complex cross-border insolvencies and restructurings, with a track record in advising leading domestic and international banks and corporate clients. The department covers both contentious and non-contentious matters, and works closely with the firm’s London office. Einar Baldvin Árnason co-leads the department alongside Gunnar Thor Thorarinsson; Árnason specialises in restructuring projects and has experience across the financial, retail, and aviation sectors, while Thorarinsson, who is dual-qualified in Iceland and the UK, is a key contact for international clients with investments in Iceland. Baldvin Björn Haraldsson has strength in restructuring work, particularly in the energy sector.

Lex Law Offices is highly respected for its expertise in financial restructurings and bankruptcy procedures, with market-leading proficiency in liquidating high-profile estates and companies. Areas covered by the team include moratoria, cessation of payments, and forced agreements with creditors. Financial restructuring specialist Guðmundur Ingvi Sigurðsson leads the practice alongside Þórhallur Bergmann, an expert in bankruptcy proceedings, and Birgir Már Björnsson, whose practice covers both contentious and non-contentious bankruptcies. Other core team members include Arnar Þór Stefánsson, a key contact for litigation, and associate Kara Borg Fannarsdóttir.

LOGOS advises on the full range of insolvency matters, and is a leading name in the market for the financial restructuring of businesses and financial institutions, with experience in advising on complex cross-border matters spanning global jurisdictions. The group has diverse sector expertise, and has advised distressed enterprises across the private equity, telecoms and shipping industries, among others. Heiðar Ásberg Atlason leads the department, and covers all areas of bankruptcy law and financial restructuring; he is supported by managing partner Benedikt Egill Árnason, who is experienced in restructurings, and litigator Ólafur Eiríksson. Senior associate Katla Lovísa Gunnarsdóttir is also a key name to note.

ADVEL Attorneys at Law‘s team is highly active as executor and trustee of insolvent estates, with experience acting for both domestic and international clients. Guðmundur Siemsen covers all contentious matters related to insolvencies, and co-leads the department alongside Svanhildur Anna Magnúsdóttir. Dóra Sif Tynes is also a key contact within the team.

Full-service firm Juris has extensive experience in restructuring and insolvency issues, with a strong record in winding-up proceedings and complex asset recovery cases. Andri Árnason and the ‘dedicated, qualified and fair’ Halldór Jónsson jointly lead the team; Árnason is a commercial litigator and spearheads contentious matters within the department, while Jónsson is an expert in restructurings and company liquidations. Bjarni Aðalgeirsson is also a key name to note, leveraging his experience in both restructuring and insolvency related disputes.

Réttur – Adalsteinsson & Partners is distinguished among insolvency and restructuring practices by its focus on representing creditors, including those based domestically and overseas. The group has a track record in acting for major clients in rescission cases and winding-up proceedings, and is regularly appointed as liquidator by the District Court. Team lead Sigurður Örn Hilmarsson is experienced in cross-border bankruptcy cases. Associate Alexander Hafþórsson is also a core team member.