Firm profile submitted by Réttur - Aðalsteinsson & Partners
Chairman: Ragnar Adalsteinsson
Managing Partner: Sigurdur Orn Hilmarsson
Number of partners: 6 Number of lawyers: 13
Languages: Danish, English, French, Icelandic, Norwegian, Spanish, Swedish
Réttur traces its origins back to 1969 when Ragnar Aðalsteinsson, one of Iceland’s leading lawyers, and the firm’s senior partner started his private practice in Reykjavík.
The firm offers top quality services to both domestic and internationals clients, and has a reputation as a leader in corporate and commercial law, dispute resolution, IT/IP law, and corporate restructuring and insolvency. Following the collapse of the Icelandic banks in October 2008, Réttur has acted for a large number of international banks and investment firms, such as Deutsche Bank, Bayerische Landesbank, Landesbank Baden Württemberg, BNP Paribas, and Commerzbank, as well as a large group of international bondholders both in high stake litigation and advising on insolvency and restructuring.
Réttur’s international focus is accompanied with a strong position and reputation domestically, where the firm works for companies and individuals alike in high profile cases.
Réttur remains true to the philosophy Ragnar Aðalsteinsson started out with; giving members of the public a fair chance to pursue their rights.
Corporate & Commercial
Financial Services Regulation
Insolvency & Restructuring
Litigation & Arbitration
Mergers & Acquisitions
Réttur is known for its strong dispute resolution team, which is composed of talented and experienced litigators with diverse backgrounds, allowing the firm to represent a range of clients in most areas of the law.
In recent years, Réttur’s team has litigated a defence on behalf of international actors in rescission cases launched by the winding up committees of the fallen Icelandic banks. These cases have been highly complicated and involved cross-border and jurisdictional disagreements, as well as unprecedented Icelandic legal issues.
The team regularly represented individuals and companies alike in highly publicised court cases in Iceland. Many of these are leading cases in the field of human rights and the firm’s partners have taken a number of cases to the European Court of Human Rights. Most notably in recent years, Réttur’s team has focused on high profile cases relating to freedom of speech, the right to privacy and health care.
Restructuring & Insolvency:
Réttur’s insolvency and restructuring team specialises in the field of creditor representation and advising international creditors of Icelandic companies. The team is composed of experts in the field, all of which bring an additional specialty to the table, resulting in an exceptionally talented and creative group approaching insolvency law and restructuring in a holistic approach, both in and out of court.
Réttur has advised a large number of international financial institutions in relation to the winding-up proceedings of the collapsed Icelandic banks, specifically the three large banks: Kaupthing, Landsbanki and Glitnir. Work commenced immediately after the collapse of the banks in late 2008. Since 2009 Réttur has advised a large group of bondholders (including hedge-funds) coordinated by Akin, Gump, Strauss, Hauer & Feld in London and New York. The group has been actively involved in all three insolvencies and holds a large majority of the total amount of claims led in the insolvencies. Réttur has also assisted domestic companies and their creditors in finance and restructuring matters, including longstanding client Icelandic Water Holdings.
Banking & Finance:
Réttur’s client base is both international and domestic. Réttur has worked for large international banks, ever since the collapse in 2008. In the beginning this work was centred around the insolvency proceedings of the Icelandic banks but has developed to become all around advise for these international banks in relation to matters in Iceland, including banking, finance and capital markets.
Furthermore, Réttur has more recently been involved in assisting international clients with all aspects of share capital purchases in Icelandic firms. Most recently, these include huge international actors purchasing some of the largest companies in Iceland.
Domestically, longer term clients include Icelandic Water Holdings and Felagsbuid Midhraun, and more recently Réttur has been sought after for all-around assistance by new middle- and large companies, including big actors in the restaurant industry in Iceland, fintech start-ups and private actors providing publicly funded assistance.
IP / IT & Trademarks:
Réttur is leading firm in the area of IP/IT & Trademarks and traces its origins to this field. Throughout the years, Réttur’s partners have been forerunners in the development of Icelandic law in the field and a heavy emphasis continues to be based on this work.
Réttur’s partners have held an appointment in the Official commission on author’s rights, by the Minister of Cultural Affairs from 1978. The commission is an expert statutory body advising the authorities on all matters relating to author’s rights and IP.
Réttur’s team has been focused on IP in the arts and advises the major copyright collective in the field of music (STEF) as well as the Writer’s Union in Iceland. At the same time, the team has been heavily involved in copyright and trademarks, including extensive work in the field of technology and telecommunications.
Commercial, Corporate & M&A:
Réttur’s corporate team has established itself as providing comprehensive top-quality services in the field of corporate law for its international and domestic client base. The team works with the vision of providing full-range services for clients, with a focus on collaborating with clients on identifying and addressing potential issues and thus preventing potential future conflict.
The team’s approach of providing full-range services in corporate and commercial law, while benefitting from the firm’s expertise in other areas such as dispute resolution and litigation, has proved important in conflict prevention and cost-reduction for clients. Furthermore, clients have been especially pleased with the team’s composition of leading experts in the field, who also have commercial insight and remain creative in finding solutions tailor made to company interests.
Réttur’s client base in corporate law is both international and domestic and includes large and middle sized companies. Work for international clients has been focused on business in Iceland, while the team has worked with domestic clients both in Iceland and abroad.
- Klapparstíg 25-27,
- Tel +354 511 1206
- Email : [email protected]