8 articles found in Iceland

Iceland aligns its export control and sanctions framework directly with the European Union and the United Nations, enforcing strict rules on dual-use goods and targeted international trade restrictions. Securing an...

Drafting Commercial Contracts in Iceland: Compliance Guide Key Takeaways The process of drafting commercial agreements in Iceland requires navigating local statutory law while aligning with European Economic Area (EEA) standards....

Explainer: Antitrust Regulations and Joint Ventures in Iceland The Icelandic Competition Authority treats "full-function" joint ventures as mergers, requiring mandatory notification if specific turnover thresholds are met. Joint venture reviews...

Explainer: Mergers and Acquisitions Regulations in Iceland Mandatory thresholds: Transactions require regulatory clearance if the combined turnover of the merging entities in Iceland exceeds 3 billion ISK and at least...

Corporate insolvency in Iceland is primarily governed by the Act on Bankruptcy etc., No. 21/1991, which outlines both liquidation and restructuring paths. A company must prove objective insolvency, meaning it...

Corporate Governance in Iceland: An Investor's Guide Strict Role Separation: Icelandic corporate law distinctly separates the strategic oversight of the Board of Directors from the day-to-day operational control of the...

FAQ: Buying a Business in Iceland as a Foreign Investor Key Takeaways Foreign investors looking to acquire a business in Iceland must navigate specific regulatory thresholds, sector restrictions, and a...

Every foreign founder or director must secure an Icelandic ID number (Kennitala) before forming a company. The Private Limited Company (Einkahlutafélag or ehf.) is the most practical and common business...