Fisheries and aquaculture
The fisheries sector has been the backbone of the Icelandic economy since its inception. In recent years, aquaculture, both on land and offshore, has grown rapidly and is poised to become one of the main pillars of the economy.
Expert knowledge and experience
Regulation in the fisheries and aquaculture sector, as in many other areas of the Icelandic economy, has undergone a significant transformation in recent years, placing greater demands on the guidance companies in this sector require. In both of these areas, LEX experts have provided advice to many of the country's largest companies for years, with deep knowledge and experience that contributes to successful results.
Environmental considerations play a critical role, particularly with regard to aquaculture licensing and related disputes. Because fisheries and aquaculture depend heavily on substantial investments in vessels and production facilities, a large portion of LEX’s work has involved assistance with financing, market listings, and general corporate law advice. The fisheries sector also operates under specialized labour legislation, where LEX experts have advised on numerous cases.
