Business law in Iceland

Legal Framework

Independence of Justice

The country’s judiciary is independent. 

Equal Treatment of Nationals and Foreigners

The country’s judicial system guarantees equal treatment to foreign nationals.

The Language of Justice

 Icelandic is the judicial language used in Iceland.

Sources of the Law and Legal Similarities

 The main source of the law is the constitution of 1944 which has been amended many times. The legal system is based on a civil law system originating in Danish law. Iceland has not accepted compulsory ICJ jurisdiction.