Helgi Jóhannesson

Helgi Jóhannesson is one of the most experienced attorneys in Iceland. Helgi joined LEX in 1988 after graduating from University of Iceland, faculty of law.

In his legal work for over 30 years he has focused on bankruptcy law, contract law, administrative law, real estate and property law.

Admitted to practice before:

  • The Supreme Court
  • The Appeal Court
  • The District Courts


  • LEX since 1988


  • Qualified hiking guide from the Iceland Tourist Guide School 2013
  • Supreme Court Attorney 1995
  • LL.M. degree from University of Miami 1990
  • District Court Attorney 1989
  • University of Iceland, cand.jur. 1988


  • English
  • Danish

The Bankruptcy Law Practice:

LEX has a robust team of experts in the field of Insolvency, Bankruptcy and Financial Restructuring. Among LEX are the most respected attorneys handling general financial restructuring, bankruptcy procedure, both as court appointed liquidators and as the legal advisors for the relevant creditors, liquidation proceedings, moratoria, cessation of payments, composition and forced agreements with creditors financial restructuring etc. LEX closely monitors any developments in this field to ensure that its clients are provided with accurate and comprehensive legal advice.

The close cooperation between LEX’s different practice areas provides an undeniable advantage when addressing insolvency related issues, as experts in Banking, Capital Markets and Finance, Real Estate and Property, IP, Collateral security Arrangements, Competition and Tax law are readily available for advice and support as may be needed.

LEX Law Offices:

LEX Law Offices in its present form has strong roots dating back over half a century. In 1959, Mr. Sveinn Snorrason, Supreme Court Attorney, founded his law firm and soon three Supreme Court Attorneys joined him, Mr. Jónas Aðalsteinsson, who still acts as of counsel to the firm, Mr. Guðmundur Ingvi Sigurðsson and Mr. Jóhannes L.L. Helgason. As the years passed the firm grew and was branded with the name LEX Law Offices in 1987. In 2000, LEX merged with KPMG LAW in Iceland under the LEX brand name. Then in 2005 LEX and Nestor Law Offices also merged.

The story of Nestor began in 1977 when Mr. Jón Steinar Gunnlaugsson, a former Supreme Court Judge, founded a law firm in his own name. Later Mr. Karl Axelsson, Supreme Court Attorney, assistant professor and current chairman of the board at LEX joined him and, in cooperation with others, they formed Nestor Law Offices.

Based on its strong historical roots and solid foundation, LEX has become one of Iceland’s largest law firms with 45 lawyers and two offices, the headquarters at Borgartún 26 in Reykjavik and an office at Hafnarstræti 94 in Akureyri, in the north of Iceland.

Eggert B. Ólafsson

Born 29 February 1952, Law degree from Unversity of Iceland 1979. Post graduate studies in company law at Lund University Sweden 1979 – 1981, Officer with the Icelandic Competition Authority  1981- 1985. Partner with Reykjavík Law Firm 1985 -2000, stationed in Brussels  1998 – 2000. Seniour Officer  at the Competition and State Aid Directorate of the  EFTA Surveillance Authority, Brussels  2000 -2004. Partner  with Reykjavik Law Firm 2004 – 2006. Seniour Counsel at Glitnir Bank / Íslandsbanki 2006 – 2010.  Legal advisor and  co-operation partner  with Fjeldsted Blondal & Fjeldsted 2010 -2014. Partner Reykjavík Law Firm  2014 –

Main practice areas:

– Competition law

– State Aid

– Public Procurement

– EEA / EU law

– Company law

– Banking / Financial law

-Bankruptcy law


– English

– Danish

– Swedish

The Firm:

Reykjavik Law Firm is committed to provide it’s clients with excellent legal service. The firm is well equipped to deal with complex and diverse legal matters that can rise in a modern society. The firm’s goal is to ensure the best possible result in every project. Efficiency, acknowledgement and well-defined procedure is guaranteed while reaching that goal.