
Adept at handling both equity and debt capital market mandates, the team at Cirio Advokatbyrå AB advises clients in the technology, life sciences, and real estate sectors. The group has experience in depositary receipts, real estate bond issuances, and rights issuances, and a recent highlight for the group involved advising on a triple listing in Sweden, Iceland, and the global market in the US. Annika Andersson heads the team, advising on a range of matters such as IPOs, spin-offs and capital raisings. Working alongside her is Maria Arnoldsson, who is well-regarded for her work on transactional mandates and her regulatory expertise. Carl Axel Morvay is another key contact within the group, focusing on DCM mandates, where he is recommended for his work in high-yield and investment-grade issuances.
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Testimonials
Collated independently by Legal 500 research team.
- ‘They are always responsive and get back quickly in various matters.'
Key clients
- Alvotech
- ABB Ltd
- AB Sagax
- Green Cargo AB
- Annexin Pharmaceuticals AB
- Intervacc AB
- Pareto Securities
- Karolinska Development AB
- Boule Diagnostics AB
- Micro Systemation AB
- Convendum AB
Work highlights
Advised Alvotech in connection with the triple listing of its shares on Nasdaq Stockholm in the form of Swedish depositary receipts and the offering of Swedish depositary receipts to the public in Sweden.
Advised Alvotech in connection with a private placement of Swedish depositary receipts (SDRs) and ordinary shares raising gross proceeds of SEK750m to the company.
Advised Intervacc in connection with its rights issue of SEK225m. The rights issue was underwritten to approximately 80% through subscription and guarantee commitments.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head
Annika Andersson
Other key lawyers
Maria Arnoldsson; Carl Axel Morvay
