Legal counsel and arbitration

The Chamber´s lawyer supervises various projects for members, mainly free of charge. The lawyer assists members with matters relating e.g. to import and export of goods, employee and employer relations and specific law or regulations regarding companies. Enquires can usually be answeared in a swift manner depending on their scope.

The Chamber´s lawyer also provides members with general legal counsel, often in form of short reports, in connection to more extensive matters of opinion. It is the Chambers will that its counsel provides members with clarification of their legal status in matters of disagreement and serves as guidance for possible outcomes. Some cases are of the nature that no conclusion can be made by other means than judicatory, and in those instances the Chamber can assist members in recruiting a solicitor with expertise in the relevant field.

The Chamber also operates an Arbitration Court and the purpose of that is to provide members with the possibility of resolving a dispute by alternative means than judicatory. Both the arbitration process and the Courts ruling are strictly confidential. The Court of Arbitration has also proven to be a swift and safe way to resolve disagreements. The Chamber in addition provides members with the option of solving business disagreements through mediation.

Arbitration clause
"All disputes in connection with the present contract shall be finally settled, by an arbitral tribunal, under the rules for The Court of Arbitration of the Iceland Chamber of Commerce. This clause along with the rules of The Court shall be deemed as the arbitration agreement between the parties. The language of the arbitration shall be [..............]. The present contract is governed by the laws of [.................]".

Rules for the Court of Arbitration can be found here.

The Icelandic Act on Contractual Arbitration can be found here (unofficial translation)

The Mediation Statutes can be found here.

The Contract on the exectution of Mediation can be found here.

For further information contact the Chamber via telephone +354-510-7100 or e-mail info@chamber.is.