10 articles found in Iceland

Explainer: Personal Injury Claims and Consumer Rights in Iceland Strict Compensation Formulas: Icelandic law does not award punitive damages; compensation is strictly calculated based on actual financial loss and standardized...

Drafting a Will and Inheritance Regulations in Iceland Strict forced heirship: Icelandic law reserves two-thirds of your estate for your spouse and children. You can only distribute the remaining one-third...

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....

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...

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 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...

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...

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...

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...