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BBA

HÖFÐATORGI, 19 FLOOR, 105 REYKJAVÍK, ICELAND
Tel:
Work +354 550 0500
Fax:
Fax +354 550 0505
Email:
Web:
www.bba.is
London, Reykjavik

The firm

BBA has established itself on the Icelandic market as a leading provider of legal services in the fields of M&A, project and corporate financing, energy and general corporate and commercial law.

The firm’s work mainly consists of advising the largest local banks and corporations as well as acting on a continuous basis for foreign financial institutions, governments and companies when dealing with Icelandic interests.

BBA has, through the years, earned a reputation for providing on-time top-quality legal advice in its areas of expertise.

Areas of practice

Mergers and acquisitions: these are an essential element of BBA’s practice. The firm has been entrusted with the largest and most complex M&A deals in Iceland, acting both for buyers, sellers and financing parties. Clients value BBA’s innovative and solution-driven approach, as well as the high degree of personal attention of the firm’s partners. BBA is a leader in the field of M&A in Iceland, and confirmed as such by the most respectable and reputable ranking companies.

Financial services regulation: BBA has a strong team of experts in this field, providing its clients with in-depth advice and assistance on regulatory issues and internal organisation. The firm advises and assists financial companies in obtaining operating licences, handles necessary communication with the Icelandic Financial Supervisory Authority, and assists companies with structuring and set-up of internal rules and standardised terms and conditions.

Banking and finance: BBA has a team of versatile experts in this field. With published authors on the topic of loan agreements between banks and companies, as well as seasoned practitioners with extensive corporate banking backgrounds, the firm provides first-class services to any type of client – be it a case of acquisition, structured, project or real estate financing, for private or public companies, financial institutions or investment funds.

Capital markets: BBA has advised a large portion of Icelandic companies listed on the Nasdaq OMX Iceland. The firm also advises on all aspects of stock exchange law, including issuing and offering of securities, verification, tender offers and delisting of companies, as well as general regulatory advisory services.

Corporate and commercial law: BBA is constantly ranked as Iceland’s leader in corporate and commercial law. The firm is legal adviser to many of the largest companies in Iceland on all things corporate. It has extensive experience in providing advice on commercial law issues, and specialises in all legal areas relevant to the corporate sector.

Restructuring: BBA has a commercial and transaction-based approach to advising clients in this field, which often results in alternative dispute resolution, where owners and the creditors obtain the best possible financial solution. The firm has handled a wide range of issues within the area of restructuring and insolvency and to the extent necessary, it involves different experts for clients to get the best possible solution.

Energy: BBA has, in recent years, been active in this field. The firm has advised Icelandic firms in geothermal ventures globally, gaining substantial experience dealing with foreign governments and energy authorities in relation to licences and concessions. BBA has also advised Icelandic energy companies in securing terrain for hydro and geothermal development as well as advising on power purchase agreements and project agreements. The firm was instructed by the Icelandic government to compose and develop the regulatory framework and licensing documentation for harnessing of hydrocarbons on the Icelandic continental shelf.

Competition: BBA’s presence and strength in competition law has increased in recent years. The firm has acted for various Icelandic and foreign companies in their communications and disputes with the ICA. BBA further strengthened its position in this area of practice with the arrival of Olafur Johannes Einarsson, who has wide-ranging experience in this field.

Litigation and arbitration: BBA has strong experience in legal proceedings before the Icelandic courts, both District and Supreme Court, as well in ad hoc arbitration and institutional arbitration. The firm’s litigation team represented HM Treasury and the UK FSA before the District Court and the Supreme Court concerning the priority of claims of the UK depositors in the Icesave accounts and the implementation of the deposit guarantee scheme in Iceland.

Insolvency: the firm has acted for a myriad of creditors in safeguarding their interests against bankrupt estates. BBA has also acted for major foreign banking institutions in various claims recoveries against the Icelandic banks.

EEA/EU law: the Icelandic legislative and regulatory framework is greatly assimilated with EU law. Olafur Einarsson joined BBA in 2017 and he has wide-ranging experience in EEA law, which further strengthens the firm’s ability in meeting challenges and utilising opportunities resulting from the present framework.

Employment and labour: BBA advises its corporate clients on all employment law-related matters, such as negotiating employment contracts, set-up of options and bonus schemes, implementation of remuneration policies and assisting companies with lay-offs. BBA has extensive experience in handling complex negotiations and drafting of employment contracts with senior managers.

PFI/PPI: BBA has been heavily involved in advising Icelandic authorities on PFI/PPP matters. The firm has advised the Icelandic government and city of Reykjavik in all matters concerning Harpa, the concert and conference hall. Furthermore, it has been active in matters concerning public procurement, advising the Icelandic State Trading Centre, as well as the Icelandic government and the city of Reykjavik concerning a public procurement of terrain, among others.

ContactsElisabet Ingunn Einarsdottir (hoskuldur@bba.is)
Höskuldur Eiríksson (asgeir@bba.is)
Baldvin Björn Haraldsson (baldvin@bba.is)

LanguagesDanish
English
French
German

Number of lawyers 21

Above material supplied by BBA.

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