Restructuring and insolvency in Iceland
Legal Iceland advises businesses, creditors and individuals on restructuring, insolvency and bankruptcy-related matters connected with Iceland.
How we can assist
- Assessment of financial and legal options
- Creditor and debtor negotiations
- Loan, security and restructuring documentation
- Insolvency and bankruptcy-related proceedings
Questions before you get started
When should restructuring advice be sought?
Advice should be sought before liquidity pressure removes practical options. Early review may allow more time to assess obligations, security, contracts and negotiations with key creditors.
Do you act for creditors as well as debtors?
We may act for either side, subject to conflict checks. The engagement is defined according to the client’s position, objectives and the stage of the matter.
What information is needed initially?
Prepare current financial information, a creditor and debtor overview, key financing and security documents, material contracts and details of pending enforcement or court steps.
Can a particular outcome be guaranteed?
No. Restructuring and insolvency outcomes depend on the financial position, legal rights, creditor responses and formal procedures. We assess the options and explain the principal risks before work proceeds.
Speak with our team
Our lawyers include Páll Ágúst Ólafsson, Appeals Court Attorney, and Dögg Pálsdóttir, Supreme Court Attorney. We assess each enquiry and any potential conflicts before accepting an engagement.
Discuss your matterThis page provides general information about our services. It is not advice on an individual matter. Sending an enquiry does not create a lawyer–client relationship.