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LEX law offices offers litigation, arbitration and dispute resolution services in every major field of Icelandic law.

Moratorium – an important legal resource in times of uncertainty

1. April, 2020

An article by Þórhallur Bergmann, partner at LEX, was published today in the icelandic newspaper Fréttablaðið. Þórhallur discusses moratorium, which is a resource for a debtor that has significant financial difficulties to restructure his finances. In current situation, many companies are subject to income reductions, and this resource, which is covered by Act no. 21/1991 on bankruptcy etc., might be helpful for companies which are having trouble.

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