Víðir Smári Petersen

Attorney, LL.M - Partner

vidir@lex.is

Víðir Smári Petersen began working at LEX alongside his studies in September 2009. Vidir finished an LL.M. degree from Harvard Law School, where he focused on subjects in the field of Law and Economics and Competition Law. At Harvard, his paper on Interlocking Directorates was awarded the Law School‘s Manzini Prize for best paper in European Law and European Legal Thought.

Víðir Smári Petersen began working at LEX alongside his studies in September 2009. He finished his master‘s degree from the University of Iceland in 2011, was admitted to practice before the district courts in May that year and before the Supreme Court in 2017. In 2015, Vidir finished an LL.M. degree from Harvard Law School, where he focused on subjects in the field of Law and Economics and Competition Law. At Harvard, his paper on Interlocking Directorates was awarded the Law School‘s Manzini Prize for best paper in European Law and European Legal Thought. Víðir has been a Lecturer of Law on the Law Faculty of the University of Iceland since 2011 and in 2017 he was appointed Adjunct Lecturer. The subjects that Víðir has taught include Civil Procedure, Law of Obligations and Administrative Law. Víðir has published articles in peer-review journals on various subjects.

Admitted to practice before:

  • The Supreme Court
  • The Appeal Court
  • The District Courts

Career

  • LEX Law Offices since 2009
  • Law Clerk at the Supreme Court of Iceland 2015-2016

Education

  • Supreme Court Attorney 2017
  • LL.M. degree from Harvard Law School 2015
  • District Court Attorney 2011
  • Master‘s Degree from the University of Iceland 2011
  • Graduated from the Reykjavik College of Music in 2008

Languages

  • English
  • Danish

Teaching

    Adjunct on the Law Faculty of the University of Iceland since 2017. A lecturer on the faculty since 2011. Víðir has taught the following subjects:

  • Civil Procedure
  • Criminal Procedure
  • Administrative Law II
  • Administrative Law III
  • Law of Obligations I
  • Law of Obligations II
  • Property Law
  • Introduction to Law and Economics (a subject in the Economics department)
  • The Role of Lawyers and Judges in Civil and Criminal Procedure
  • Coached the faculty’s team in the Nordic Moot Court Competition on Human Rights
  • Instructed teams in the Orator Moot Court Competition
  • Supervised BA and Master’s theses

Publications

  • Þorgeir Örlygsson, Karl Axelsson and Víðir Smári Petersen. (2020). Property Law I. Reykjavík: Fons Juris.
  • Víðir Smári Petersen, Karl Axelsson and Þorgeir Örlygsson. (2019). Encumbrances – their establishment, their permanence and their scale and scope. Úlfljótur Law Review,72(3), 367-418.
  • Víðir Smári Petersen. (2019). The Uniqueness of water rights under Icelandic scope. Úlfljótur Law Review, 72(1), 95-132.
  • Víðir Smári Petersen. (2016). Interlocking Directorates in the European Union: An Argument for their Restriction. European Business Law Review, 27(6), 821-864.
  • Víðir Smári Petersen (2016). When should parties settle? Economic theories of settlement and how they relate to a research of 386 civil cases before the Supreme Court of Iceland. Tímarit lögfræðinga, 66(2), 189-223.
  • Friðrik Árni Friðriksson Hirst og Víðir Smári Petersen (2016). Efficiency and hindsight bias in tort law. Úlfljótur, 69(1), 5-35.
  • Valgerður Sólnes og Víðir Smári Petersen (2015): Reflections on Invalidation of Contract due to its unreasonableness in a recent ruling of the Icelandic Supreme Court. Tímarit lögfræðinga, 65(4), 611-633.
  • Víðir Smári Petersen. (2015). Expedited proceedings in civil cases. Úlfljótur, 68(4), 631 –650
  • Víðir Smári Petersen (2013). The termination of the limitation of claims and its legal effect. Úlfljótur, 66(3), 335-384.

Other activities

  • Deputy Chairmain of the Complaints Committee of Consumer Goods and Services since 2020
  • The editor of the online publication of Úlfljótur (ulfljotur.com) 2017- 2019
  • Member of the editorial board of the Bar Association‘s magazine 2017 – 2019
  • Member of the Editorial Board of Úlfljótur Law Review 2009-2010