Svalbard Music Group ehf. (Ltd.) has sued Aðalbjörn Tryggvason for illegally seizing control over and ownership of the company’s main asset, the trademark Sólstafir and the band’s business, and for hollowing the company out from the inside.
Svalbard Music Group was formed by Sólstafir’s only two remaining founding members Aðalbjörn Tryggvason and Guðmundur Óli Pálmason,and both of them have an equal 50% share in the company.
From it’s creation in January 2011 Svalbard Music Group’s sole purpose has been to run the band Sólstafir and take care of all it’s related business. As such the company has acquired in accordance with Icelandic laws the ownership of the trademark Sólstafir.
Just before midnight on January 19th 2015 Guðmundur Óli Pálmason received an email from Aðalbjörn Tryggvason saying that the band intended to move ahead without him. Aðalbjörn also cancelled Guðmundur´s flight tickets without his knowledge for an European tour that was supposed to start two days later.
The morning after, on January 20th Aðalbjörn applied for the trademark Sólstafir at the Icelandic Patent Office solely in his own name and with his personal id number. His patent application has not been accepted by the office.
Aðalbjörn Tryggvason was released from his duties as the executive director of Svalbard Music Group on December 11th 2015 for his gross misconduct.
The case was filed at the Reykjavík District Court on January 12th 2016.
On Behalf of Svalbard Music Group ehf. (Ltd.)
Guðmundur Óli Pálmason