Latest updates

Legislative Update
  • Intellectual Property
  • Iceland
  • December 03 2001

Recent changes in registration include foreign entities being able to obtain domain registration on, and a change to the administration of, registration under the new Design Act.

Controversy as Competition Council Annuls Merger
  • Competition & Antitrust
  • Iceland
  • November 22 2001

In a recent decision the Competition Council annulled a merger that had already taken place. This decision is significant because it is the first time that the council has exercised its powers in this way. There is also some controversy surrounding the fact that the council appears to have departed from EC merger regulations in its decision.

Overview (October 2001)
  • Corporate Finance/M&A
  • Iceland
  • October 31 2001

Including: Legal Framework; Disclosure of Major Holdings; Mandatory Purchase of Minority Holdings.

Overview (July 2001)
  • Competition & Antitrust
  • Iceland
  • July 19 2001

Including: Jurisdiction of the Competition Act; Anti-competitive Cooperation; Abuse of a Dominant Position; Merger Control; The Notification Procedure; Administrative Fines

Amended Competition Act Requires Merger Notification
  • Corporate Finance/M&A
  • Iceland
  • March 21 2001

Although there are certain shortcomings with respect to Iceland’s newly amended Competition Act, it has been harmonized with EEA legislation. Now, the Competition Council must be notified of all mergers if the total turnover of the undertakings is at least Ikr1 billion.

Amended Competition Act Requires Merger Notification
  • Competition & Antitrust
  • Iceland
  • February 15 2001

Although there are certain shortcomings with respect to Iceland’s newly amended Competition Act, it has been harmonized with EEA legislation. Now, the Competition Council must be notified of all mergers if the total turnover of the undertakings is at least Ikr1 billion.

Overview (October 2000)
  • Intellectual Property
  • Iceland
  • October 16 2000

Including: Trademarks; Designs; Copyright; Patents

Electronic Registrations Begin
  • Corporate Finance/M&A
  • Iceland
  • September 29 2000

The Iceland Securities Depository Ltd has just started business as the first electronic registrar for securities in Iceland. The country's security market will, as a consequence, become much more attractive to foreign investors.

Legislation Promotes Competition
  • Telecoms
  • Iceland
  • July 12 2000

Iceland's Parliament has passed new telecommunications legislation to promote competition in the sector. Licensed operators will be given direct access to subscribers, will have shared access to telephone networks and tariffs are set to be harmonized.

Arrest of Vessel Procedures Explained
  • Shipping & Transport
  • Iceland
  • March 21 2000

This update details the conditions under which a vessel may be arrested in Iceland and the procedures that these aressts must follow.

New Legislation Encourages Foreign Investment in the Aviation Industry
  • Shipping & Transport
  • Iceland
  • March 21 2000

A new act on international trading companies (ITCs) allows Icelandic-registered aircraft to operate globally while enjoying benefits such as an income tax rate as low as 5%, and an exemptin from property taxes.