BBA//Fjeldco > Reykjavik, Iceland > Firm Profile
BBA//Fjeldco Offices
BBA//Fjeldco
HÖFÐATORGI
19 FLOOR
105 REYKJAVÍK
Iceland
HÖFÐATORGI
19 FLOOR
105 REYKJAVÍK
Iceland
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BBA//Fjeldco > The Legal 500 Rankings
Iceland > Banking, finance and capital markets Tier 1
BBA//Fjeldco has extensive experience in advising buyers, sellers, and financial parties on all aspects of banking and finance, including complex multi-jurisdictional financing transactions. Led by Bjarki Diego
and Halldór Karl Halldórsson, the practice actively contributes to the development of Icelandic law-governed loan documentation and is a trusted adviser to the Icelandic Ministry of Finance. Diego has over 30 years of expertise in banking, finance, and capital markets law, while Halldórsson specialises in corporate law, bankruptcy work, restructurings, and M&A. Other key figures include Ásgeir Ragnarsson, who advises international corporations and financial institutions on a broad range of corporate and commercial matters, and Stefán Reykjalín, who supports foreign institutions and fund managers with Icelandic regulatory issues, including licensing requirements. Sara Rut Sigurjónsdóttir is a notable name for significant corporate loan agreements and M&A transactions. Practice head(s):
Bjarki Diego; Halldór Karl Halldórsson
Other key lawyers:
Key clients
Ministry of Finance
Oculis
Kroll Trustee Services Limited
Crusoe Iceland ehf. and Crusoe Energy Systems LLC
ECAM LP
Work highlights
- Advised Alvotech and its subsidiaries, including Alvotech hf., on a $965m senior secured first lien term loan facility to refinance debt obligations and support working capital for ongoing and upcoming launches.
- Advised the Ministry of Finance in Iceland on structuring and implementing a program to purchase real estate in Grindavík, displaced by volcanic eruptions, including drafting the legal framework and negotiating debt restructuring with Icelandic lending institutions.
- Advised Oculis on the dual listing of its shares on Nasdaq Iceland’s main market and the Nasdaq Global Market, including drafting and submitting the prospectus for approval to the Central Bank of Iceland’s Financial Supervision Authority, in a complex, multi-jurisdictional transaction involving a Swiss entity.
Iceland > Commercial, corporate and M&A Tier 1
BBA//Fjeldco has a comprehensive corporate law offering, covering a wide range of legal services in M&A, capital markets, banking and corporate finance, energy and PFI projects, as well as general corporate and commercial matters. The practice is co-led by Halldór Karl Halldórsson, who specialises in complex domestic and cross-border M&A and corporate law; Einar Baldvin Árnason, who advises major Icelandic companies and investment funds on corporate and commercial issues; and Bjarki Diego, who has over 30 years experience in corporate and commercial law. Ásgeir Ragnarsson is experienced in advising international corporations and financial institutions on a broad spectrum of corporate and commercial matters, while Baldvin Björn Haraldsson focuses on large M&A transactions in Iceland. Stefán Reykjalín and Jóhann Magnús Jóhannsson are also key members of the team. Practice head(s):
Halldór Karl Halldórsson; Einar Baldvin Árnason; Bjarki Diego
Other key lawyers:
Key clients
Coloplast
Jörg Fior and Ralf Gentz
SRE III slhf.
SID ehf.
InvestorFlow
Work highlights
- Advised the acquirer of Kerecis, Iceland’s first unicorn, on a large and complex M&A transaction involving due diligence, structuring, drafting, and completion under Icelandic law.
- Advised Marel hf. on a voluntary takeover bid by John Bean Technologies Corporation (JBT), including drafting and structuring transaction documents, disclosure requirements, and navigating cross-border complexities involving Icelandic and US laws.
- Advised Kvika bank on the sale of TM tryggingar hf. to Landsbankinn hf., including vendor due diligence, drafting the share purchase agreement and related documents, and conducting competition analyses.
Iceland > Employment Tier 1
BBA//Fjeldco has experience in advising both domestic and international clients on a wide range of human resource matters, employment law, and immigration issues in Iceland. The firm’s expertise includes drafting employment agreements, securing residence permits for foreign employees, and navigating cross-border employment matters involving Iceland. The practice is co-led by Kári Ólafsson, who provides comprehensive employment law advice to clients ranging from small service companies to listed banks and insurance firms within the Icelandic market; and Thórir Júlíusson, who brings substantial expertise in handling employment law cases at all levels of the Icelandic court system.Practice head(s):
Kári Ólafsson; Thórir Júlíusson
Key clients
Fly Play
VÍS
Work highlights
- Advised Invisible Notes LLC with establishing an Icelandic subsidiary, advising on various employment law and immigration matters.
- Advised CEOs and board members of commercial banks, credit institutions, securities companies, other financial institutions, insurance companies, payment service companies and other regulated entities in relation to the FSA’s “fit and proper” qualification assessment process for CEOs and board members.
Iceland > Restructuring and insolvency Tier 1
BBA//Fjeldco provides comprehensive advice on both transactional and contentious corporate restructurings, workouts, and insolvency matters. The practice is jointly headed by Einar Baldvin Árnason, who manages large-scale restructuring projects across diverse sectors for financial institutions, major retailers, oil companies, and airlines; and Gunnar Thor Thorarinsson, who complements the team with his expertise in advising international investors on their ventures in Iceland and supporting Icelandic investors in overseas investments, notably in the context of restructuring Iceland’s financial system. Baldvin Björn Haraldsson is a prominent figure in energy sector restructurings. Practice head(s):
Einar Baldvin Árnason; Gunnar Thor Thorarinsson
Other key lawyers:
Key clients
Eaton Vance Management
SportsDirect.com Retail Limited
Arion Bank hf.
Work highlights
- Advising LBI ehf., Old Byr and Klakki ehf. in relation to their wind-down and ultimate dissolution of companies, involving a large number of creditors and shareholders.
- Advised Turkish Development Bank in relation to the creation of a Risk Sharing Mechanism for Geothermal Drilling Operations in Turkey.
- Advised ODDEG in Djibouti in the creation of a legal framework for geothermal exploration and harnessing geothermal reservoirs in Djibouti.
Iceland > Dispute resolution Tier 2
BBA//Fjeldco is renowned for its expertise in complex commercial litigation, including damages and rescission matters and derivative claims before the Icelandic courts. Under the leadership of Thórir Júlíusson, the practice is well versed in domestic and cross-border litigation and arbitration, as well as mediation and settlement negotiations. Júlíusson has 10 years of experience in handling complex and large-scale domestic and cross-border corporate, commercial, and finance-related disputes. Senior associate Einar Brynjarsson handles domestic corporate and construction-related matters before the Icelandic district courts, while Baldvin Björn Haraldsson and Kári Ólafsson are experienced litigators, with Haraldsson specialising in corporate arbitration proceedings, and Ólafsson focusing on commercial real estate disputes.Practice head(s):
Thórir Júlíusson
Other key lawyers:
Testimonials
Key clients
Eik fasteignafélag hf.
Eurocontrol
Work highlights
- Advised TM Tryggingar hf. regarding complex and precedent setting disputes before the district courts and the Court of Appeal, with at least one case pending before the Supreme Court.
- Advised RSF in its injunction proceedings against NRS in relation to copyright infringement in software regarding RSF’s innovative auction system, the first court case of its kind in Iceland.
- Advised Måsøval Eiendom AS in a case that involves the sale of shares in two Icelandic fish farm companies, from Laxar eignarhaldsfélag ehf. to another fish farm company named Ice Fish Farm ehf., where the plaintiff claimed that the shares were sold at an undervalue for the detriment of the shareholders and the plaintiff themselves.
Iceland > Real estate and construction Tier 2
BBA//Fjeldco offers expert legal counsel to domestic and international clients in Iceland, specialising in all areas of real estate law, including financings, developments, PFI and PPP issues, and real estate disputes. The team is co-led by Kári Ólafsson, who advises on real estate, construction, planning, and zoning matters; Tómas Magnús Þórhallsson, who is an expert in real estate transactions and advises listed real estate companies; and Jóhann Magnús Jóhannsson, who is experienced in negotiating real estate deals. Key associate Einar Brynjarsson assists clients in court during real estate and construction disputes.Practice head(s):
Kári Ólafsson; Tómas Magnús Þórhallsson; Jóhann Magnús Jóhannsson
Other key lawyers:
Key clients
Icelandic Ministry of Finance
Harpa Concert and Conference Hall
Hagar hf.
Alvotech
Work highlights
- Advised the Icelandic Ministry of Finance in a significant transaction in relation to the Government’s initiative purchase of the majority of residential houses in the town of Grindavík, whose 4,000 residents have recently been displaced by ongoing volcanic eruptions in the area.
- Advised 105 Miðborg slhf., a fund managed by Íslandssjóðir and owned by Icelandic pension funds, insurance companies and private investors, and the developer of a major 80,000 square meters redevelopment and construction project in Kirkjusandur.
- Advised “Heklureitur” on a project in central Reykjavik, covering every aspect of the acquisition, financing, and due diligence, guiding the company through complex negotiations with the municipality, addressing crucial issues such as planning and zoning.
Iceland > Tax Tier 2
BBA//Fjeldco specialises in a comprehensive array of tax services, encompassing corporate tax, international tax and VAT matters. The group's expertise extends to tax planning, risk management and due diligence issues, and tax-related disputes. The practice is led by Páll Jóhannesson, who has extensive expertise in tax and legal advisory work, including tax due diligence as well as debt and equity financing mandates.Practice head(s):
Páll Jóhannesson
Key clients
Arion Bank
Kroll Trustee Services Limited
Work highlights
- Advised Kvika bank hf. and TM hf. throughout the sales process of the latter, which concluded with the acquisition of TM hf. by Landsbankinn hf., a large commercial bank in Iceland.
- Advised and provided tax and legal structuring advice throughout the merger of VÍS and Fossar Investment Bank.
- Advised in relation to a $80bn funding round of Controlant hf., a global developer of real-time monitoring solutions for the pharmaceutical industry.
Iceland > Maritime and transport Tier 3
BBA//Fjeldco‘s maritime and transport practice advises Icelandic and international clients across the fishery, shipping, and aviation sectors on complex regulatory and transactional matters, including financing for aircrafts and vessels. The practice is jointly led by Kári Ólafsson and Thórir Júlíusson, with Ólafsson focusing on maritime law, and Júlíusson specialising in transport law.Practice head(s):
Kári Ólafsson; Thórir Júlíusson
Key clients
Arctic Fishery Alliance L.P.
Masiliit Corporation
Eurocontrol
BP Shipping Agency Ltd.
Work highlights
- Advised the Canadian entities Artic Fishery Alliance L.P. and Masiliit Corporation in purchasing and financing of the 52-meter modern long liner “Kiviuq 1”, purchased from a large seafood group in Iceland, Samherji, under Danish laws, financed in Iceland by Arion bank hf., under Canadian laws, reflagged from Iceland to Canada and registered there on closing.
Iceland > TMT and IP Tier 3
BBA//Fjeldco advises Icelandic and international companies on local and global IP and TMT matters, offering comprehensive advice on core IP and technology issues, including data protection. The practice is led by Hafliði Kristján Lárusson, who focuses on day-to-day IP matters and broader IP policy protection, while key associate Thelma Christel Kristjánsdottir has expertise in EU and US data protection work.Practice head(s):
Hafliði Kristján Lárusson
Other key lawyers:
Key clients
Kvika
beqom
Kompas Management ApS
Work highlights
- Advised Kompas Management on its investment in Treble Technologies, conducting due diligence and providing guidance on the Icelandic aspects of the cross-border transaction, with a focus on Treble’s patented acoustic simulation technology and associated IP.
- Advised the Kvika group on the sale of TM, one of Iceland’s largest insurance companies, to Landsbankinn, a state-owned commercial bank, and conducted vendor due diligence for the transaction.
- Advised beqom on its acquisition of Payanalytics, a pay equity and workforce analytics software developer, providing counsel on intellectual property, data protection, and information technology.
BBA//Fjeldco > Firm Profile
BBA//Fjeldco is a first-class, full-spectrum corporate law firm, providing a full range of legal services. We focus on delivering high-quality legal advice with a pragmatic and business-focused approach.
BBA//Fjeldco is leading in the field of mergers and acquisitions, capital markets, banking and corporate finance, energy and PFI projects, as well as general corporate and commercial matters. We have been entrusted by our local and international clients to provide advice on many of Iceland’s biggest and most complicated financing and M&A deals, as well as the country’s most important PFI and energy projects. Our reputation in these areas of legal practice has resulted in a continuous top-tier ranking by all of the major ranking firms during the last decade.
With offices in Iceland, the UK, and France, our team of specialised business lawyers hold qualifications in Iceland, England, France, California, Washington and New York.
Our team’s international qualifications, combined with our UK and France offices and an extensive network of global law firms, banks, investment funds, engineering firms, and other consultants, make BBA//Fjeldco the ideal partner for any cross-border transactions.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Aviation Law & Aircraft Financing | Thorir Júlíusson | [email protected] | |
| Banking & Finance | Ásgeir Ragnarsson | [email protected] | |
| Capital Markets | Bjarki Diego | [email protected] | |
| Competition Law | Einar Baldvin Árnason | [email protected] | |
| Corporate & Commercial, M&A | Halldór Karl Halldórsson | [email protected] | |
| Corporate & Commercial, M&A | Einar Baldvin Árnason | [email protected] | |
| Data Protection | Haflidi Kristján Lárusson | [email protected] | |
| Dispute Resolution | Thorir Júlíusson | [email protected] | |
| Employment & Labour Law | Kári Ólafsson | [email protected] | |
| Energy Law, PFI & PPP | Baldvin Björn Haraldsson | [email protected] | |
| Financial Services & Fintech | Ásgeir Ragnarsson | [email protected] | |
| IP & Technology Law | Haflidi Kristján Lárusson | [email protected] | |
| Restructuring & Insolvency | Einar Baldvin Árnason | [email protected] | |
| Restructuring & Insolvency | Gunnar Thor Thorarinsson | [email protected] | |
| Real Estate & Construction | Kári Ólafsson | [email protected] |
Meet The Team(s)
Lawyer Profiles
Solicitor Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
|
Ms Claire Broomhead | Partner | View Profile |
|
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Ms Emma Hickman | Counsel | View Profile |
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Ms Ela Zakaim | Counsel | View Profile |
Staff Figures
Partners: : 14 Counsel: : 4 Associates: : 17 :Languages
Icelandic English French German Danish Swedish NorwegianMemberships
Icelandic Bar Association Law Society of England & Wales IBA (International Bar Association) Barreau de Paris (Paris Bar Association) New York Bar Association California Lawyers Association Bar Association of the District of ColumbiaDiversity
We are committed to fostering equality and providing equal opportunities for all individuals. We firmly reject any form of categorization based on factors such as gender, race, sexuality, social class, age, or any other classification. Our primary objective is to promote workplace equality by assessing individuals based on their unique qualities and skills. We firmly believe that diversity is a source of strength, and we empower individuals to shape their own paths, leading to enhanced outcomes for both our firm and our community.
To realize our commitment to equality, we have implemented an active equality policy that embraces gender equality. We ensure that all members of our firm have open access to supervisors for consultation and reporting of any instances of discrimination or prejudice. Discriminatory, narrow-minded, or unfair behavior is not, and will never be, tolerated in our organization.
Our employment terms are determined by individual qualifications and our firm has been issued an Equal Pay Certificate, as per the Icelandic Act on on Equal Status and Equal Rights Irrespective of Gender no. 150/2020. This certification meets the requirements of ÍST 85 – Equal Wage Management System, also known as The Equal Pay Standard, and ensures that corporations and institutions base all procedures and decisions regarding wage matters on objective considerations and do not involve gender-based discrimination, and underscores our commitment to conducting wage-related procedures and decisions based on objective criteria, free any gender-based discrimination or other unconscious bias.
We have members from diverse backgrounds and nationalities within our exceptional team – including Icelandic, English, and French nationals – as well as various social groups, and everyone is afforded equal opportunities to thrive and reach their full potential.
Spotlights
ICELAND
BBA//Fjeldco is a highly professional corporate law firm based in Reykjavík, Iceland with operations in both the United Kingdom and France. Our team consists of over 30 lawyers, with qualifications in Iceland, England, France and New York, making us the largest law firm in Iceland specializing in the field of corporate law. Due to our size, we have been able to accumulate extensive knowledge and experience in our practicing areas making us the obvious choice when complex and full spectrum corporate legal services are needed.
BBA//Fjeldco is constantly ranked as a leading law firm in Iceland regarding corporate and commercial law. We have advised in vast majority of the largest companies in Iceland on their various corporate and commercial matters. Our corporate activities represent the core of our focus and of our services to the businesses operating in the Icelandic market. Our key focus remains on the international aspects of our clients’ operations.