(February 2008) Landslog – Law Offices wins landmark case on behalf of the City of Reykjavik before the Supreme Court of Iceland in a damages action claim for breach of Icelandic Competition Act.

This landmark case was the first before the Supreme Court of Iceland pertaining to private enforcement based on a breach against the Icelandic Competition Act.

A damages action claim was brought against the three largest oil companies in Iceland for breach against the Icelandic Competition Act. The oil companies had admitted to price fixing, market sharing and bid rigging in the City of Reykjavik ’s 1996 competitive tender. The Supreme Court awarded the City approximately USD 1.1 million in damages for the City’s loss.

Landslog - Law Offices’ partner Vilhjalmur H. Vilhjalmsson, Supreme Court Attorney, acted on behalf of the City of Reykjavik.

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