Commercial, corporate and M&A in Iceland
Having achieved ‘a good balance between senior and junior people’, BBA//Fjeldco has ‘extensive experience in working with international clients’ on a full range of corporate issues. Ásgeir Ragnarsson jointly heads the department with Baldvin Björn Haraldsson, who is ‘extremely capable’ in providing M&A advice. Ragnarsson acts for major clients including Boeing, Microsoft, Dell and JP Morgan. The ‘very detailed, but highly commercial at the same time’ and ‘incredibly hardworking’ Bjarki Diego assisted Kvika banki with its €20bn merger with Virðing. Following the firm's merger with Fjeldsted & Blöndal in 2019, Halldór Karl Halldórsson is also an active member of the practice.
Juris ‘manages any situation promptly and with superb accuracy’. Halldór Jónsson and associate Bjarni Aðalgeirsson advised entrepreneur Birgir Þór Bieltvedt on a series of high-profile M&A deals concerning Domino’s Pizza Group and Hard Rock Café. Simon Knight is leading the team in acting for Sunnuvellir on Silicor’s $900m silicon plant project. Vífill Harðarson was involved in matters involving corporate restructuring.
At Lex Law Offices, practice head Örn Gunnarsson led the team in advising on Sjávarsýnin’s acquisition of Tandur valued at Íkr2,5bn. Gudmundur Ingvi Sigurdsson serves as leading counsel to Costco Wholesale Corporation and Isavia. Focusing on corporate taxation and M&A, Gardar Vidir Gunnarsson advised the shareholders of tourism services provider Extreme Iceland on the merger of Extreme Iceland and Arctic Adventures. In 2017, Eyvindur Sólnes joined the firm from his own practice.
The ‘very experienced, knowledgeable and friendly’ lawyers at LOGOS utilise their ‘in-depth understanding of what domestic and international clients want’ in handling complex M&A deals. Ragnar Tómas Árnason and the team assisted Icelandic company Norvik with selling its timber industry companies in a number of jurisdictions. Thorolfur Jónsson advises on complex M&A transactions for clients such as Icelandair Hotels. Highly regarded for his corporate expertise, Guðmundur Oddsson, who is based in London, led on advice to Xantis Pharma on a number of acquisitions. The ‘very knowledgeable’ Heiðar Ásberg Atlason and Claire Broomhead are also recommended.
Led by practice head Viðar Lúðvíksson, Landslog – Law Offices acted as sole legal counsel to Fast-1 on the signing of a purchase agreement regarding the sale of certain real estate companies to Reginn. Other highlights include acting for Hagar on the €133m purchase of shares in oil company Oliuverzlun Islands and assisting Vodafone Iceland with the €69m purchase of assets in media company 365 Miðlar. Vilhjalmur H. Vilhjalmsson left the firm to accept a position at Landsréttur.
Lagahvoll advises on issues regarding corporate finance and M&A transactions. Highlights included acting for a group of buyers on the acquisition of a majority stake in Ölgerðin Egill Skallagrímsson, the country’s oldest beer-producing factory.
Réttur – Adalsteinsson & Partners assists key client Flux with complex contentious and non-contentious matters pertaining to the termination of a shareholders' agreement, the sale of shares, and corporate governance. Headed by Friðrik Ársælsson, the corporate department also handles general corporate law issues for several financial institutions including BNP Paribas and Commerzbank, among others.