Fyrirtækjuréttur

Fyrirtækjuréttur is the Icelandic term for corporate law. It encompasses the body of laws and regulations that govern the formation, operation, and dissolution of companies and other business entities in Iceland. This field of law addresses the rights and responsibilities of shareholders, directors, officers, and other stakeholders involved in corporate activities.

Key aspects of fyrirtækjuréttur include the establishment of different types of legal entities, such as limited liability companies (einkahlutafélög) and public limited companies (hlutafélög). It also deals with corporate governance, including the rules for board meetings, shareholder meetings, and the duties of directors to act in the best interests of the company.

Furthermore, fyrirtækjuréttur covers areas like mergers and acquisitions, corporate finance, insolvency, and the legal framework for securities and capital markets. Disputes arising from corporate activities are also resolved within this legal domain, often involving company litigation or arbitration. The primary legislation governing fyrirtækjuréttur in Iceland is the Companies Act (Lög um hlutafélög and Lög um einkahlutafélög).