Best Funds & Asset Management Lawyers in Reykjavik

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Jonatansson & Co. Legal Services

Jonatansson & Co. Legal Services

30 minutes Free Consultation
Reykjavik, Iceland

Founded in 1984
6 people in their team
English
Icelandic
Danish
Jonatansson & Co Legal Services is a full service Law Firm with emphasize on assisting businesses and various organisational entities in litigation and dispute resolution of various kind, in almost every field of the law.Jonatansson & Co is a dynamic independent law firm willing and...
View profile
Landslög
Reykjavik, Iceland

Founded in 1971
50 people in their team
Icelandic
English
Landslag law firm has comprehensive knowledge and experience in all major areas of law. Landslagi's customers are thus offered specialized advice that has produced remarkable results.Companies, domestic and foreign, municipalities and public sector organizations have taken advantage of Landslagi's...
Nordik Legal Services
Reykjavik, Iceland

Founded in 2010
50 people in their team
Icelandic
English
ABOUT USSince its establishment in 2010, Nordik Legal has been leader in providing of services to both Icelandic and international business, particularly in among other the field of mergers and acquisitions,  corporate finance,  corporate law, and domestic and international tax law....
OPUS Legal Service
Reykjavik, Iceland

Founded in 2006
50 people in their team
Icelandic
English
OPUS Legal Services take pride in providing clients with reliable, personal advice and professional legal counseling. We represent individuals as well as corporate and institutional clients from several different countries in addition to Iceland.OPUS Legal Services take pride in providing...
Lagahvoll
Reykjavik, Iceland

Founded in 2012
50 people in their team
Icelandic
English
About LagahvollLagahvoll is an independent law firm with strong focus on impartiality and independence. We offer specialised legal services with an emphasis on commercial and financial law.We represent both large and small companies as well as individuals, including professional investors. Our...
LLG Lögmenn
Reykjavik, Iceland

Founded in 2013
50 people in their team
Icelandic
English
Andri Vilhjálmur Sigurðsson joined LLG Lögmenn (formerly Lögmenn Lækjargatu) in 2013 and has been one of the company's owners since then. Before that, Andri had worked as a lawyer at Kaupþing bank hf. from 2000-2007 and in Luxembourg from 2007. First for Kaupthing Bank Luxembourg SA in...
Reykjavik Law Firm
Reykjavik, Iceland

Founded in 2000
50 people in their team
Icelandic
English
Our services are based on the wealth of knowledge and experience that our attorneys have gathered over the years. Our team can provide specialized and professional services in a multitude of diverse sectors of the law.Our attorneys are experts in litigation and defend the interests of our clients...
Réttur
Reykjavik, Iceland

Founded in 2002
50 people in their team
Icelandic
English
The roots of the law can be traced back to 1969, when Ragnar Aðalsteinsson founded his law firm. The co-owners of Ragnar í Rétti are Sigurður Örn Hilmarsson, Sigrún Ingibjörg Gísladóttir, Védís Eva Guðmundsdóttir and Kári Hólmar Ragnarsson. Ever since the institution was founded,...
LAGASTOÐ
Reykjavik, Iceland

Founded in 1979
50 people in their team
Icelandic
English
We advise individuals, families, businesses, financial institutions, and government bodies on Icelandic and EEA-Law and represent our clients’ interests before public agencies and in the courts. We have vast experience advising on legal issues pertaining to finance, real estate, and tax, with a...
LAW FIRM VALDIMARSSON
Reykjavik, Iceland

Founded in 2020
50 people in their team
Icelandic
English
Quality and personal serviceAt Lögmannsstofon Valdimarsson, it is guaranteed that our clients always receive the best service available, from professionals in the area of ​​law that is needed. Our customers can trust that their case will receive the attention it requires.The serviceÓmar...
AS SEEN ON

About Funds & Asset Management Law in Reykjavik, Iceland

Funds and asset management law in Reykjavik, Iceland is a specialized area that deals with the regulation, oversight, and management of investment funds, assets, portfolios, and related financial services. The sector has seen significant growth due to Iceland's robust economy and the increasing interest from local and international investors. The legal framework ensures that funds are managed responsibly, transparently, and in compliance with both Icelandic and European Union standards, even though Iceland is not an EU member but aligns with many EU directives through the European Economic Area (EEA).

Why You May Need a Lawyer

There are many scenarios in which seeking a lawyer specializing in funds and asset management may be necessary in Reykjavik, Iceland. Common situations include setting up an investment fund, complying with regulatory requirements, conducting due diligence before making large-scale investments, resolving disputes between investors and fund managers, handling cross-border investments, or facing allegations of regulatory non-compliance. Legal professionals can also assist with drafting and reviewing contracts, representing clients before regulatory authorities, and ensuring that portfolio management conforms to the best practices and statutory rules in Iceland.

Local Laws Overview

Funds and asset management activities in Reykjavik are regulated primarily by the Financial Undertakings Act and the Act on Undertakings for Collective Investment in Transferable Securities (UCITS). The Financial Supervisory Authority of the Central Bank of Iceland (FME) oversees licensing, monitoring, and compliance processes. Key regulatory areas include the authorization of fund management companies, anti-money laundering protocols, investor protection measures, risk management requirements, and transparency obligations. The laws incorporate EEA standards, especially related to cross-border cooperation and the marketing of foreign funds within Iceland. Compliant reporting and disclosure are central to the practice, with periodic filings and public disclosures required by law.

Frequently Asked Questions

What is an investment fund, and how is it regulated in Iceland?

An investment fund pools money from several investors to invest in stocks, bonds, or other assets. In Reykjavik, such funds are regulated under applicable local laws as well as EEA standards to protect investors and maintain financial stability.

What is the role of the Financial Supervisory Authority (FME)?

The FME issues licenses, supervises fund managers and funds, conducts audits, ensures compliance with statutory obligations, and can impose sanctions for violations.

Can foreign investors set up funds or invest in Icelandic funds?

Yes, foreign investors can establish or invest in funds in Iceland, subject to local regulatory approvals and compliance with Icelandic and EEA rules.

Do all funds require registration with local authorities?

Most collective investment schemes must be registered and licensed by the FME before operating or marketing to the public within Iceland.

What investor protections exist in funds and asset management?

Icelandic law includes provisions for transparency, risk management standards, disclosure of fund performance, anti-fraud measures, and dispute resolution mechanisms.

Are there specific tax implications for investing through funds in Iceland?

Yes, investments are subject to Icelandic tax laws, including capital gains tax, withholding taxes, and reporting obligations. Consulting a lawyer or tax adviser is recommended.

How are disputes between fund managers and investors resolved?

Disputes can be settled through negotiation, mediation, or before Icelandic courts. In some cases, arbitration may be stipulated in the fund’s governing documents.

What are the typical compliance obligations for fund managers?

Fund managers must comply with ongoing reporting, due diligence, anti-money laundering checks, regular audits, and adhere to conduct of business rules.

Do Icelandic laws apply to online or digital asset funds?

Yes, digital asset management is subject to the same regulatory framework, and may require additional scrutiny in terms of anti-money laundering and cybersecurity.

How can I be sure my investments are protected in Iceland?

Choosing regulated funds and dealing with licensed professionals, verifying all documentation, and understanding your contractual rights and regulatory protections is crucial for safety and compliance.

Additional Resources

- Financial Supervisory Authority of the Central Bank of Iceland (FME): Oversees licensing and compliance for funds and asset managers. - Ministry of Finance and Economic Affairs: Develops financial market policy and legislation. - Icelandic Bar Association: Find qualified lawyers specializing in funds and asset management. - Tax authorities in Iceland: Information on tax obligations for investors and fund managers. - European Economic Area (EEA) Information Portal: Guides on EEA regulations affecting Icelandic finance law.

Next Steps

If you need assistance with funds and asset management law in Reykjavik, begin by identifying your specific needs, such as setting up a fund, complying with regulations, or resolving a dispute. Gather all relevant documentation and information. Then, contact a licensed Icelandic lawyer who specializes in this field for a consultation. Legal professionals can clarify your rights and obligations, handle communications with regulatory bodies, and ensure your actions fully comply with local law. Staying informed and acting with regulatory guidance will help safeguard your interests and support successful asset management in Iceland.

Lawzana helps you find the best lawyers and law firms in Reykjavik through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Reykjavik, Iceland - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.