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.

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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.

Lawyers

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Leading partners
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Next Generation Partners
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Practice head

The lawyer(s) leading their teams.

Bjarki Diego, Halldór Karl Halldórsson

Other key lawyers

Ásgeir Ragnarsson, Stefán Reykjalín, Sara Rut Sigurjónsdóttir