Back Víðir SMÁRI PETERSEN

Substitute member
Víðir SMÁRI PETERSEN

Professor of Law, University of Iceland

Career 

2025–2026 Ad hoc judge at the Icelandic Court of Appeals (Landsréttur) for 3.5 months
2024-  Professor of Law, University of Iceland
2020-2024 Associate Professor of Law, University of Iceland
2009-2021 LEX Law Offices (paralegal 2009-2011, associate 2011-2018 and partner 2018-2021) 
2017-2020 Adjunct, University of Iceland 
2011-2017 Lecturer, University of Iceland 
2015-2016 Law Clerk at the Supreme Court of Iceland 
2014-2015 Research assistant to Professor Steven Shavell in the field of Law and Economics

 
Education – academic and professional 

2025      PhD from Maastricht University
2017      Admitted to practice before the Supreme Court of Iceland (license inactive)
2015      LL.M. from Harvard Law School 
2011      Admitted to practice before the District Courts of Iceland (license inactive)
2011      Mag. jur. degree in Law from the University of Iceland (with distinction) 
2009      B.A. degree in Law from the University of Iceland 


Grants and awards – academic and professional 

2025-   Grant from the University of Iceland’s Law Institute. Research project: Property Law (fourth volume), co-authors Þorgeir Örlygsson and Karl Axelsson
2024 Grant from the Icelandic Bar Association. Research project: Default and Remedies in Construction Law, co-author Gunnar Atli Gunnarsson
2023-2024 Grant from the University of Iceland’s Law Institute. Research project: Property Law (third volume), co-authors Þorgeir Örlygsson and Karl Axelsson
2023 Grant from the Icelandic Bar Association. Research project: Property Law (third volume), co-authors Þorgeir Örlygsson and Karl Axelsson
2023-2025 A grant from the University of Iceland´s Research Fund for the project “The role of compensation in the European Court of Human Right's case-law on Article 1 of Protocol No. 1 to the European Convention on Human Rights.” A collaboration with Valgerður Sólnes, Associate Professor University of Iceland, Bram Akkermans, Professor Maastricht University, Gijs van Dijk, Professor Maastricht University and Róbert Spanó, Professor University of Iceland
2020-2021 Grant from the University of Iceland’s Law Institute. Research project: Property Law (second volume), co-authors Þorgeir Örlygsson and Karl Axelsson
2020        
Grant from the Icelandic Bar Association. Research project: Property Law (second volume), co-authors Þorgeir Örlygsson and Karl Axelsson     
2020 Grant from the Icelandic Student Innovation Fund. Research project: Land lease agreements in Iceland – in cooperation with Karl Axelsson and the Icelandic Association of Local Authorities 
 
2018-2019 Grant from the University of Iceland’s Law Institute. Research project: Property Law (first volume), co-authors Þorgeir Örlygsson and Karl Axelsson
2015 Harvard Law School’s Mancini Prize for outstanding paper in European Law and European Legal Thought 
2015 Summer Academic Fellowship from Harvard Law School. Research area: Law and economics
2014-2015 Fulbright grantee
2014-2015 Frank Boas scholarship from Harvard Law School


Publications (all Icelandic titles translated to English) 

Books
1. Constitutional Property Protection and Regulatory Inertia: Towards an Aristotelian Understanding of Regulatory Excess. PhD thesis, Maastricht University 2025. 
2.     Property Law III. Co-authored with Þorgeir Örlygsson and Karl Axelsson. Published in 2024 by Fons Juris.
3.     Property Law II. Co-authored with Þorgeir Örlygsson and Karl Axelsson. Published in 2023 by Fons Juris. 
4.     Work delays in construction law – responsibility and remedies. Published in 2021 by the University of Iceland’s Law Institute. 
5.     Property Law I. Co-authored with Þorgeir Örlygsson and Karl Axelsson. Published in 2020 by Fons Juris.
Book chapters
6.     Review of Permits: The Interplay between Article 11(5) of the Water Framework Directive and Article 1 of Protocol 1 to the European Convention on Human Rights (co-authored with Flore Vavourakis), in Research Handbook on EU Water Law (eds. Marleen van Rijswick and Cathy Suykens). Publisher: Edward Elgar Publishing 2026, pp 89–111. 
7.   Can Ownership be an Empty Shell? in Festschrift for Markús Sigurbjörnsson (eds. Benedikt Bogason et al.). Publisher: Fons Juris 2024, pp 669–689. 
8.     Surrendering Ownership of Real Estate, in Festschrift for Markús Sigurbjörnsson (eds. Benedikt Bogason et al.). Publisher: Fons Juris 2024, pp 647–668. 
9.   Ownership of Underground Resources in Iceland: New Issues and Challenges, in Property Law Reform, Sustainability and the Commons (eds. Vincent Sagaert et al.). Publisher: Intersentia 2024, pp 309–322. 
10.     Eminent Domain, Regulatory Takings, and the Right to Property (co-authored with Prof. Dr. Bram Akkermans), in Handbook of Property Law and Theory (ed. Chris Bevan). Publisher: Edward Elgar Publishing 2024, pp 326-344. 
11.     Climate Change and the Social Function of Property – A Human Flourishing Reading of Article 1 of Protocol 1 to the European Convention on Human Rights, in Rethinking Expropriation Law (eds. Björn Hoops et al.). Publisher: Boom/Eleven 2024, pp 213-246. 
12.     Constitutional Property Law in Research Agenda in Property Law (ed. Bram Akkermans). Publisher: Edward Elgar Publishing 2024, pp 39-56. 
13.     The procedural and substantive variants in Icelandic civil procedure. The University of Iceland and the Icelandic Supreme Courts’ Festschrift: The Supreme Court’s 100th Anniversary, pp 443- 480. Published in 2020 by Fons Juris. 
14.     Litigating the government’s actions and decisions before the Icelandic courts. The Icelandic Administrative Act for 25 years, pp 603-668. Published in 2019 by the Icelandic Prime Ministry.
Articles in peer-reviewed journals 
15.     Termination of Construction Contracts (co-authored with Gunnar Atli Gunnarsson). Tímarit lögfræðinga 75(2) 2025, 295–398. 
16.     A Network Analysis for Determining the Topics and Precedents of Article 1 of Protocol No 1 (A1P1) to the European Convention on Human Rights (co-authored with Valgerður Sólnes, Bram Akkermans and Gijs van Dijck). European Property Law Journal 14(2), 147–176. 
17.     Nuisance Law and Human Rights: Bridging the Gap Between Article 8 and Article 1 of Protocol No 1 to the European Convention on Human Rights. Legal Studies (Studia Prawnicze) 231(1) 2025, 41–63. 
18.     The Interpretation of Indexation in Construction Contracts: Conclusions from the Supreme Court Judgment in Case No. 7/2025 (co-authored with Gunnar Atli Gunnarsson). Online publication of Úlfljótur Law Review (published 5 August 2025).
19.     Abuse of Rights in Icelandic Property Law With a Comparative Survey of the Other Nordic Countries. European Review of Private Law 33(4), 929–946. 
20.     Positive Obligations to Retrofit Buildings with Third-Party Effect under Private Law as an Instrument of Public Climate Policy (co-authored with 16 authors). European Property Law Journal 13(3) 2024, 310–354. 
21.     Obligations for Owners to Climate-Proof Buildings in Iceland (co-authored with Kári Hólmar Ragnarsson). European Property Law Journal 13(1) 2024, 104-126. 
22.     The Requirements for the Reopening of Court Cases and the Reopening of Civil Cases (co-authored with Sindri M. Stephensen). Tímarit lögfræðinga 72(4) 2022, 509-568. 
23.     Requirements for the Reopening of Criminal Cases and the Limits of Authority of the Reopening Court (co-authored with Sindri M. Stephensen). Tímarit lögfræðinga 72(4) 2022, 569-636.
24.     Ownership of ground resources – New issues and challenges. Tímarit lögfræðinga, 72(3) 2022, 383-430.
25.     The dialogue between the Supreme Court of Iceland and the Reopening Court (co-authored with Sindri M. Stephensen). Online publication of Úlfljótur Law Review (published 7 November 2022).
26.   Long-lease land agreements (co-authored with Karl Axelsson). Úlfljótur Law Review 74(4) 2022, 507-539. 
27.     The prohibition to purchase salmon and trout fishing rights exclusively and without buying the adjacent land at the same time – Legal development and case law. Tímarit lögfræðinga 72(2) 2022, 239-265. 
28.   Are lake commons public land? Online publication of Úlfljótur Law Review (published 27 June 2021).
29.     Compulsory membership of fishing associations – Is the current regime for voting rights compatible with the principle of proportionality? (co-authored with Ásgerður Ragnarsdóttir). Úlfljótur Law Review 73(2) 2020, 151-178. 
30.     Can courts change the government’s decisions in an onerous way? Online publication of Úlfljótur Law Review (published 8 March 2020).
31.     Encumbrances – their establishment, their permanence and their scale and scope (co-authored with Þorgeir Örlygsson and Karl Axelsson). Úlfljótur Law Review 72(3) 2019, 367-418. 
32.     The uniqueness of water rights under Icelandic law. Úlfljótur Law Review 72(3) 2019, 95-132. 
33.   Interlocking Directorates in the European Union: An Argument for Their Restriction. European Business Law Review 27(6) 2016, 821-864. 
34.     When should parties settle? Economic theories of settlement and how they relate to research of 386 civil cases before the Supreme Court of Iceland. Tímarit lögfræðinga 66(2) 2016, 189- 223. 
35.     Efficiency and hindsight bias in tort law (co-authored with Friðrik Árni Friðriksson Hirst). Úlfljótur Law Review 69(1) 2016, 5-35. 
36.     Reflections on invalidation of contract due to its unreasonableness in a recent ruling by the Icelandic Supreme Court (co-authored with dr. Valgerður Sólnes). Tímarit lögfræðinga 2015, 65(4), 611-633. 
37.     Expedited proceedings in civil cases. Úlfljótur Law Review 2015, 68(4), 631–650. 
38.   The termination of the limitation of claims and its legal effect. Úlfljótur Law Review 2013, 66(3), 335-384. 
39.     The content and conditions for individual applications before the European Court of Human Rights. Úlfljótur Law Review 2010, 63(4), 479-536 (based on master’s thesis). 


International lectures and conferences 

2026 “Should Human Rights Affect General Principles of Commercial Law?” Paper presented at the conference Nordic Commercial Law Days 29 April 2026. 
2025 “Remedies for Expropriation before the European Court of Human Rights.” Paper presented at the conference Rethinking Expropriation Law 11 September 2025. 
“Price Spikes in Construction Law: A Nordic Comparative Study.” Paper presented with Malin Atran, attorney, at the Nordic Conference on Construction Law 30 January 2025. 
2024 “Preventing Cross-Contamination Between Expropriations and Regulatory Excess.” M-EPLI talk at Maastricht University 2 October 2024. 
“An Aristotelian Approach to Regulatory Excess.” Paper presented at a conference held by the Association for Law, Property and Society 14 June 2024. 
“Abuse of Rights in Icelandic Property Law – Comparing with Norway, Denmark and Sweden.” Paper presented at the symposium Abuse of Rights and the (Potential) Role of General Interest, held at the University of Utrecht 14 May 2024. 
2023 “The Curious Case of Vatnsendi – a 57-year-old Dispute Comes to an End.” Paper presented at the Young Property Lawyers’ Forum 1 June 2023.
“The Role of Compensation in the European Court of Human Right’s Case-Law on A1P1.” Paper presented at a conference held by the Association for Law, Property and Society 13 May 2023. 
“Ownership of underground resources in Iceland – New issues and Challenges.” Paper presented at the conference Property Commons held at the University of Leuven 16 March 2023. 
“Price spikes in Construction Law: A Nordic Comparative Study”. A guest lecture at Stockholm University 1 February 2023.
2022 “Climate change and the social function of property – a human flourishing reading of Article 1 of Protocol No 1 to the European Convention on Human Rights”. A guest lecture at Maastricht University 4 October 2022. 
„Climate change and the social function of property – a human flourishing reading of Article 1 of Protocol No 1 to the European Convention on Human Rights.” A paper presented at the conference Takings for Climate Justice in Groningen 29 September 2022. 
“The Nordic standard form contracts’ preparedness for handling external disturbances and price spikes”. Key-note speaker at Stockholm Center for Commercial Law 27 September 2022. 
“Climate Change as a Global Nuisance”. A paper presented at the ALPS’ conference (Association for Law, Property and Society) 20 May 2022.
“Reclaiming wetlands in Iceland”. A paper presented at the inaugural conference for Prof. Dr. Bram Akkermans, LL.M., 22 April 2022. 
2021 “Private Property and the Battle Against Climate Change Through Land-Use”. A paper presented at the Ius Commune conference 26 November 2021. 
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