BBA//Fjeldco covers all areas of banking and finance, with a strong reputation for handling complex financings, including those involving multijurisdictional elements. The group contains a number of lawyers qualified in England and Wales in addition to Iceland, facilitating sophisticated guidance on cross-border matters. Bjarki Diego covers a broad range of M&A, capital markets, and finance deals, and co-leads the department alongside managing partner Halldór Karl Halldórsson, whose areas of expertise include corporate financings and investments, securities issues, competition law, and bankruptcy and restructuring work. Also key are highly experienced founding partner Ásgeir Ragnarsson, who advises prestige international clients on a spectrum of corporate and commercial matters, and Gunnar Thor Thorarinsson, who leads the London office. Stefán Reykjalín, who made partner in early 2023, is also a key name to note.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'Strong technical capabilities and experience in working in capital markets, both locally in Iceland and internationally, makes this firm’s capabilities unique.'
'Bjarki Diego has vast experience in financing transactions, banking, equities and bonds - which is very valuable to the client.'
'BBA//Fjeldco have a very solid team and vast experience when it comes to banking and finance in particular. They are generally involved in almost all major transactions in Iceland for a good reason: Their signature quick, no frills advice, which is always well grounded and professional.'
'The partners strive to get to know their clients and their business which results in a more proactive client relationship and tailor made advice which stands the test of time.'
'Halldór Karl Halldórsson is extremely pleasant to work with, very knowledgeable in the field of finance and true to his word when it comes to deadlines. One of his most valuable fortes in complex deals is his ability to reach out to our counterparties and their counsel in a cooperative and solution-based manner, while still being adversarial and protective of our interests.'
'Gunnar Thor Thorarinsson has proven to be one of a kind when it comes to cross-border deals involving LMA documentation, with vast knowledge of Icelandic transactional documentation and deal mechanics.'

Key clients

Kvika bank
Íslandsbanki
Arion Bank
Arctic Green Energy
Lykill fjármögnun
TM
Rapyd Europe
Rotovia
DNB Bank
ABN AMRO
Danske Bank
Strengur Holding
DC Advisory
KfW-IPEX Bank
RPC Group
Alvogen
Alvotech
Barclays Bank
JP Morgan
Citibank
Japan Bank
Stefnir

Work highlights

Advised international biopharmaceuticals company Alvotech, as well as its subsidiaries, with respect to the dual listing on Nasdaq Stock Market LLC and Nasdaq First Growth Market in Iceland, as well as with respect to a private investment in public entity (PIPE), prior to the listing, in particular from Icelandic PIPE investors.
Advised on the financing of the acquisition of Ardian, by the telecomms operator, Míla ehf. The advice included negotiating the LMA loan documentation, bond issuance documentation, intercreditor agreement and security documentation.
Advised on the financing of Sabre Corporation, a travel technology company based in Southlake, Texas.

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