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The large number of practicing lawyers at LEX means that the firm is able to provide services from specialists in the field each time.
LEX law offices offers litigation, arbitration and dispute resolution services in every major field of Icelandic law.
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29. October, 2020Birgir Már Björnsson, attorney and partner at LEX law offices, wrote an article in the business section of the Icelandic newspaper Morgunblaðið yesterday, where he discusses the role of a company’s board according to corporate law and points out that among the decisions that a board is responsible for is an assessment of whether the company’s operations have become such that the conditions for continuing the operations are no longer met. It is important now in unprecedented times that board members of accounting entities are aware of their obligations under the Bankruptcy Act and the effects of their inaction in those circumstances. At the same time it is urgent that board members consider in good time the possibilities for restructuring operations and have free and, as the case may be, forced agreements tried for this purpose.
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