Foss legal ǀ finance
Foss legal | finance is a dedicated, independent Icelandic legal and financial services firm.
Foss legal ǀ finance provides individuals, companies and organisations with comprehensive services within the fields of law and finance. As such the firm is equipped to provide broad multidisciplinary advice in relation to resolution of client matters.
The legal practice of the firm extends to all key commercial aspects, focusing on domestic and international transaction advice, business and corporate law as well as dispute resolution.
The finance practice of the firm focuses on corporate finance, business and transaction services to a targeted client base of small and medium-sized companies and investors.
Key practice areas
The team has a wide range of knowledge and expertise on many fields of law and finance, with the main focus areas being the following:
Debt collection and Bankruptcy law
Debt collection and Bankruptcy law
Foss legal ǀ finance provides advice to individuals and companies in relation to debt collection, debt settlement and payment difficulties. The firm undertakes negotiations with creditors with the aim to achieve a permanent solution to exiting difficulties. Advice in this field relates to moratoriums, compositions and bankruptcy proceedings, settlement agreements, claim filings, settlements, collection and litigation as well as dispute resolution.
Business and Company law
Business and Company law
Foss legal ǀ finance provides comprehensive services relating to business and company law, to individuals and companies. The services include advisory in relation to banking, securities trading, company formations, financing, shareholders agreements, mergers and acquisitions, takeovers etc.
Foss legal ǀ finance has decades of experience as in-house counsels and experts in asset management and corporate finance in banks and financial services companies. The employees of the firm have also acted as members of the board of directors in domestic and foreign companies.
Criminal law and Procedure
Criminal law and Procedure
Foss legal provides criminal defense services in all kinds of criminal cases as well as providing representation for victims of crimes. Those subject to criminal proceedings are in all cases entitled to criminal defense, both under investigation and before the courts.
Foss legal has extensive expertise in criminal cases and criminal law with staff having been lecturers in criminal procedure at the Law Faculty of the University of Reykjavík.
Corporate finance and Restructuring
Corporate finance and Restructuring
Foss legal ǀ finance has a vast experience in the field of corporate finance. The firm provides a wide range of services such as financial advisory, assistance in relation to financing, financial restructuring, company acquisitions and disposals, mergers and acquisitions and any form of contracts relating thereto.
Financial and operational assessment
Financial and operational assessment
Foss finance provides clients with general business assessment, such as with general assessment of operations, assistance with operational problems as well as an assessment of business opportunities. The firm furthermore provides general advice in relation to a wide range of financing of companies, investments and projects, including assessment of available financing options.
Legal representation and Human rights
Legal representation and Human rights
Foss legal provides individuals, interest groups and companies advice on matters related to the protection of human rights, whether established by law, the constitution or International treaties.
Family and inheritance law
Family and inheritance law
Foss legal provides a variety of services in relation to family and inheritance law, such as drafting of prenuptial agreements, divorce and separation, custody and visitation rights, drafting of testaments, estate-related matters, matters related to legal capacities etc.
Real Estate
Real Estate
Foss legal ǀ finance provides services in relation to purchase and sale of properties as well as advice on disputes in relation to such transactions as a result of default or defects. Furthermore, the employees of the firm have extensive experience in operations of property companies, restructuring of property companies as well as acquisition and sale of such companies. The firm also provides advice on planning law, housing co-operation as well as rental laws.
Corporate M&A and transaction services
Corporate M&A and transaction services
Foss legal | finance provides clients comprehensive services in relation to acquisitions, sale and merger of companies. This includes services relating to assessment of investment opportunities, carrying out due diligence, assessment of financing possibilities, negotiations and drafting of agreements and oversight of transactions completion.
Dispute Resolution
Dispute Resolution
Foss legal provides comprehensive services in relation to dispute resolution. Such services include proceedings in the Icelandic Courts, as well as mediation, proceedings in arbitration and before public authorities.
Debt collection and Bankruptcy law
Foss legal ǀ finance provides advice to individuals and companies in relation to debt collection, debt settlement and payment difficulties. The firm undertakes negotiations with creditors with the aim to achieve a permanent solution to exiting difficulties. Advice in this field relates to moratoriums, compositions and bankruptcy proceedings, settlement agreements, claim filings, settlements, collection and litigation as well as dispute resolution.
Business and Company law
Foss legal ǀ finance provides comprehensive services relating to business and company law, to individuals and companies. The services include advisory in relation to banking, securities trading, company formations, financing, shareholders agreements, mergers and acquisitions, takeovers etc.
Foss legal ǀ finance has decades of experience as in-house counsels and experts in asset management and corporate finance in banks and financial services companies. The employees of the firm have also acted as members of the board of directors in domestic and foreign companies.
Criminal law and Procedure
Foss legal provides criminal defense services in all kinds of criminal cases as well as providing representation for victims of crimes. Those subject to criminal proceedings are in all cases entitled to criminal defense, both under investigation and before the courts.
Foss legal has extensive expertise in criminal cases and criminal law with staff having been lecturers in criminal procedure at the Law Faculty of the University of Reykjavík.
Corporate finance and Restructuring
Foss legal ǀ finance has a vast experience in the field of corporate finance. The firm provides a wide range of services such as financial advisory, assistance in relation to financing, financial restructuring, company acquisitions and disposals, mergers and acquisitions and any form of contracts relating thereto.
Financial and operational assessment
Foss finance provides clients with general business assessment, such as with general assessment of operations, assistance with operational problems as well as an assessment of business opportunities. The firm furthermore provides general advice in relation to a wide range of financing of companies, investments and projects, including assessment of available financing options.
Legal representation and Human rights
Foss legal provides individuals, interest groups and companies advice on matters related to the protection of human rights, whether established by law, the constitution or International treaties.
Family and inheritance law
Foss legal provides a variety of services in relation to family and inheritance law, such as drafting of prenuptial agreements, divorce and separation, custody and visitation rights, drafting of testaments, estate-related matters, matters related to legal capacities etc.
Real Estate
Foss legal ǀ finance provides services in relation to purchase and sale of properties as well as advice on disputes in relation to such transactions as a result of default or defects. Furthermore, the employees of the firm have extensive experience in operations of property companies, restructuring of property companies as well as acquisition and sale of such companies. The firm also provides advice on planning law, housing co-operation as well as rental laws.
Corporate M&A and transaction services
Foss legal | finance provides clients comprehensive services in relation to acquisitions, sale and merger of companies. This includes services relating to assessment of investment opportunities, carrying out due diligence, assessment of financing possibilities, negotiations and drafting of agreements and oversight of transactions completion.
Dispute Resolution
Foss legal provides comprehensive services in relation to dispute resolution. Such services include proceedings in the Icelandic Courts, as well as mediation, proceedings in arbitration and before public authorities.
The Team
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+354 537 5111 -
ragnar@fosslogmenn.is
Ragnar Björgvinsson
Work experience:
| 2019 – | Foss legal | finance (Partner) |
| 2014 – 2019 | Glitnir HoldCo ehf. (General Counsel, Executive Director) |
| 2009 – 2014 | Glitnir HoldCo ehf. (Legal Counsel) |
| 2008 – 2009 | Directorate of Internal Revenue (Lawyer) |
Education:
| 2005 – 2010 | Cand. Jur. from Reykjavik University Department of law (First class honour) |
| 2001 – 2005 | College degree from the Commercial College of Iceland |
Qualification:
| 2020 | Licence to practise before the Court of Appeal |
| 2010 | Licence to practise before the District Courts |
Other activities:
| 2013 – 2018 | Member of the Board of Directors of Lyfja hf., a licensed pharmacy chain in Iceland |
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+354 537 5111 -
karolina@fosslogmenn.is
Karólína Finnbjörnsdóttir
Work experience:
| 2019 – | Foss legal | finance (Partner) |
| 2017 – 2018 | LMB Mandat law firm (Attorney, Associate) |
| 2015 – 2017 | The Ministry of Interior’s Rehearing Committee (Lawyer) |
| 2010 – 2015 | Office of the Special Prosecutor (Deputy Prosecutor) |
Education:
| 2005 – 2010 | Cand. Jur. from Reykjavik University Department of law |
Qualification:
| 2019 | Licence to practise before the District Courts |
Teaching:
| 2015 – | Lecturer in Criminal Procedure at Reykjavik University, Department of Law |
Publications:
| 2012 | Lögrétta Law Review: “Entrapment – Test of legality” (2012) |
Other activities:
| 2018 – | Deputy board member of Íslensk verðbréf hf. (Icelandic securities hf.) |
| 2013 – 2016 | Board member of the Icelandic Association of Prosecutors |
| 2008 – 2015 | Board member of Codex Publishing, publisher of law books (Chairman of the board 2013-2015) |
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+354 537 5111 -
snorri@fossfjarmal.is
Snorri Arnar Viðarsson
Work experience:
| 2019 – | Foss legal | finance (Partner) |
| 2008 – 2018 | Glitnir Holdco ehf. (Executive Director, Asset Recovery) |
| 2004 – 2008 | Íslandsbanki hf. (Senior Credit Manager, International Corporate Lending) |
Education:
| 2004 | School of business and social sciences at Aarhus University (M.Sc. in finance and international business) |
| 2001 | University of Iceland (B.Sc. in business administration) |
Other activities:
| 2015 – | Board member of Genís hf., Icelandic biotechnology company |
| 2015 – 2017 | Board member of Breiðablik football club |
| 2014 – 2017 | Board member of Stoðir hf., Icelandic investment company |
| 2015 – 2017 | Board member of City Center Properties AS, Norwegian property company |
| 2015 – 2016 | Board member of Nopco Paper Technology AS, Norwegian pulp and paper industry company |
| 2013 – 2016 | Board member of Nýr Norðurturn hf., Icelandic property company |
| 2013 – 2015 | Board member of Holistic House Orestad, Danish property company |
| 2012 – 2014 | Board member of Lyfja hf., Icelandic licensed pharmacy chain |

Ragnar Björgvinsson
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+354 537 5111 -
ragnar@fosslogmenn.is
Work experience:
| 2019 – | Foss legal | finance (Partner) |
| 2014 – 2019 | Glitnir HoldCo ehf. (General Counsel, Executive Director) |
| 2009 – 2014 | Glitnir HoldCo ehf. (Legal Counsel) |
| 2008 – 2009 | Directorate of Internal Revenue (Lawyer) |
Education:
| 2005 – 2010 | Cand. Jur. from Reykjavik University Department of law (First class honour) |
| 2001 – 2005 | College degree from the Commercial College of Iceland |
Qualification:
| 2020 | Licence to practise before the Court of Appeal |
| 2010 | Licence to practise before the District Courts |
Other activities:
| 2013 – 2018 | Member of the Board of Directors of Lyfja hf., a licensed pharmacy chain in Iceland |

Karólína Finnbjörnsdóttir
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+354 537 5111 -
karolina@fosslogmenn.is
Work experience:
| 2019 – | Foss legal | finance (Partner) |
| 2017 – 2018 | LMB Mandat law firm (Attorney, Associate) |
| 2015 – 2017 | The Ministry of Interior’s Rehearing Committee (Lawyer) |
| 2010 – 2015 | Office of the Special Prosecutor (Deputy Prosecutor) |
Education:
| 2005 – 2010 | Cand. Jur. from Reykjavik University Department of law |
Qualification:
| 2019 | Licence to practise before the District Courts |
Teaching:
| 2015 – | Lecturer in Criminal Procedure at Reykjavik University, Department of Law |
Publications:
| 2012 | Lögrétta Law Review: “Entrapment – Test of legality” (2012) |
Other activities:
| 2018 – | Deputy board member of Íslensk verðbréf hf. (Icelandic securities hf.) |
| 2013 – 2016 | Board member of the Icelandic Association of Prosecutors |
| 2008 – 2015 | Board member of Codex Publishing, publisher of law books (Chairman of the board 2013-2015) |

Snorri Arnar Viðarsson
-
+354 537 5111 -
snorri@fossfjarmal.is
Work experience:
| 2019 – | Foss legal | finance (Partner) |
| 2008 – 2018 | Glitnir Holdco ehf. (Executive Director, Asset Recovery) |
| 2004 – 2008 | Íslandsbanki hf. (Senior Credit Manager, International Corporate Lending) |
Education:
| 2004 | School of business and social sciences at Aarhus University (M.Sc. in finance and international business) |
| 2001 | University of Iceland (B.Sc. in business administration) |
Other activities:
| 2015 – | Board member of Genís hf., Icelandic biotechnology company |
| 2015 – 2017 | Board member of Breiðablik football club |
| 2014 – 2017 | Board member of Stoðir hf., Icelandic investment company |
| 2015 – 2017 | Board member of City Center Properties AS, Norwegian property company |
| 2015 – 2016 | Board member of Nopco Paper Technology AS, Norwegian pulp and paper industry company |
| 2013 – 2016 | Board member of Nýr Norðurturn hf., Icelandic property company |
| 2013 – 2015 | Board member of Holistic House Orestad, Danish property company |
| 2012 – 2014 | Board member of Lyfja hf., Icelandic licensed pharmacy chain |
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+354 537 5111 -
erna@fosslogmenn.is
Erna Hlíf Jónsdóttir
Experience:
| 2021 – | Foss legal | finance (Financial advisor) |
| 2019 – 2021 | Sýn hf. (Manager, Department of Economics) |
| 2016 – 2018 | Valitor hf. (Specialist, Financial Planning and Analysis) |
| 2015 – 2016 | Arion banki hf. (Specialist, Corporate Finance) |
| 2010 – 2014 | Glitnir Holdco ehf (Credit Manager) |
| 2006 – 2010 | Íslandsbanki hf. (Specialist, Corporate Finance and Private Banking) |
Education:
| 2009 | Reykjavík University, Investment Management(MSIM) |
| 2006 | Reykjavík University, BSc. Business Administration |
Qualification:
| 2007 | Certificate, Securities Brokerage in Iceland |
Other activities
| 2014 – 2015 | Board of Directors, Lyfja hf |
| 2012 – 2015 | Deputy Board Member, Sjóvá-Almennar tryggingar hf. |

Erna Hlíf Jónsdóttir
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+354 537 5111 -
erna@fosslogmenn.is
Experience:
| 2021 – | Foss legal | finance (Financial advisor) |
| 2019 – 2021 | Sýn hf. (Manager, Department of Economics) |
| 2016 – 2018 | Valitor hf. (Specialist, Financial Planning and Analysis) |
| 2015 – 2016 | Arion banki hf. (Specialist, Corporate Finance) |
| 2010 – 2014 | Glitnir Holdco ehf (Credit Manager) |
| 2006 – 2010 | Íslandsbanki hf. (Specialist, Corporate Finance and Private Banking) |
Education:
| 2009 | Reykjavík University, Investment Management(MSIM) |
| 2006 | Reykjavík University, BSc. Business Administration |
Qualification:
| 2007 | Certificate, Securities Brokerage in Iceland |
Other activities
| 2014 – 2015 | Board of Directors, Lyfja hf |
| 2012 – 2015 | Deputy Board Member, Sjóvá-Almennar tryggingar hf. |
Contact us:
Tel:
Email:
Web:
+354 537 5111
fosslogmenn@fosslogmenn.is
fosslogmenn.is
Information
Foss legal ǀ finance
Langholtsvegur 111, 2nd floor, 104 Reykjavík