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Are international laws relevant to real estate in Iceland?

April 26, 2017comparative law cross-border law Iceland International law publications Laws legal guides merger control Real Estate relevant

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Are international laws relevant to real estate in Iceland?

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International laws may only be indirectly relevant to real estate in Iceland through either: the Act on the Law Applicable to Contractual Obligations (in Icelandic: Lög um lagaskil á sviði samningaréttar) implementing the 1980 Rome Convention on the Law Applicable to Contractual Obligations; or the Act on the Lugano Convention (in Icelandic: Lög um Lúganósamninginn um dómsvald og um fullnustu dóma í einkamálum) implementing the 1988 Lugano Convention on jurisdiction and the enforcement of judgments in civil and commercial matters, which may affect the jurisdiction and laws applicable to real estate transactions and disputes relating to real estate.