Bringing recognised expertise in the space, the banking, finance, and capital markets team at BBA//Fjeldco is a strong player in the market. The team is co-led by Bjarki Diego, who provides decades of experience and skill in international and domestic finance work, and Halldór Karl Halldórsson, who supports with his long-standing corporate law acumen. Recently, the firm has advised the Icelandic government on the public offering of its shares in Íslandsbanki hf. – the largest share offering in Icelandic history. Other key contacts include Ásgeir Ragnarsson, Sara Rut Sigurjónsdóttir, Stefán Reykjalín, and Sigvaldi Fannar Jónsson.
Banking, finance and capital markets in Iceland
BBA//Fjeldco
Praxisleiter:
Bjarki Diego; Halldór Karl Halldórsson
Weitere Kernanwälte:
Ásgeir Ragnarsson; Sara Rut Sigurjónsdóttir; Stefán Reykjalín; Sigvaldi Fannar Jónsson
Referenzen
‘We have worked with the team at BBA/Fjeldco for many years and continue to be impressed by their high level of qualification and deep knowledge. They truly care about their clients and foster strong, long-term relationships. The lawyers take a cooperative and pragmatic approach, ensuring that advice is aligned with our business needs. They are highly accessible and always available when we need them. Communication is clear, practical, and timely. The guidance we receive is consistently professional, proactive, and commercially oriented. Their ability to anticipate issues and offer solutions sets them apart. We value them as trusted advisers rather than just external counsel.’
‘Halldór Karl Halldórsson is one of Iceland’s sharpest legal minds. Highly knowledgeable and well-connected, he combines technical expertise with commercial judgment. He brings authority and pragmatism that clients deeply value.‘
‚Sara Rut Sigurjónsdóttir is skilled, professional, and strongly client-oriented. She is easy to work with, responsive, and delivers clear, actionable advice. Clients highlight her collaborative style and ability to align legal solutions with business needs.’
Kernmandanten
Arctic Therapeutics hf.
Alvotech
Arctic Green Energy
Arion Bank
Bayerische Landesbank
Controlant hf.
Crusoe Iceland ehf. and Crusoe Energy Systems LLC
Deutsche Bank AG
DNB
ECAM LP
First Water hf.
Fly Play hf.
Íslandsbanki hf.
Kvika Group
Kroll Trustee Services Limited (via White & Case LLP)
Landsbankinn
M3 fasteignaþróun ehf.
Mastercard Worldwide
Ministry of Finance
Nordea
Oculis
Rapyd Europe hf. (previously Valitor hf.)
Sabre Corporation
Skagi Group
Stefnir hf.
Stripe
TM
Vörður tryggingar hf.
Highlight-Mandate
- Advised the Icelandic government in relation to its fully marketed public offering of its shares in Íslandsbanki hf. as well as advising Íslandsbanki itself in relation to the matter.
- Advised Oculis on the Icelandic aspects of its successful $100m private placement of shares, conducted both domestically and internationally.
- Advised Alvotech with respect to the refinancing of the credit agreement that the company entered into with its lenders for a senior secured first lien term loan facility of up to $965m.
Lex Law Offices
Led by Olafur Haraldsson, the banking, finance, and capital markets team at Lex Law Offices regularly provides expert advice, with its clients including major international banks and the Icelandic government. Haraldsson brings strong banking expertise with particular skill in handling loan and security agreements and corporate finance. In addition, Guðmundur Ingvi Sigurðsson provides further corporate finance experience and is adept at consulting on foreign investment, Stefán Orri Ólafsson is a seasoned capital markets advisor with deep knowledge of disclosure requirements, and Fanney Frímannsdóttir provides further key support.
Praxisleiter:
Ólafur Haraldsson
Weitere Kernanwälte:
Guðmundur Ingvi Sigurðsson; Stefán Orri Ólafsson; Fanney Frímannsdóttir
Referenzen
‘Great team and service.’
‘Stefán Orri Ólafsson is an authority in capital markets law.’
Kernmandanten
Partners Group / atNorth Holding AB /atNorth ehf.
Bank of America
BNP Paribas
DZ Bank
J.P. Morgan SE
Nomura
Samherji hf.
Landsbankinn hf.
Orkuveita Reykjavíkur (Reykjavik Energy)
Rabobank
DNB Bank
Nordea
Íslandsbanki hf.
VEX II slhf.
Treble Technologies ehf.
The Icelandic Financial Institutions’ Guarantee Fund
Icelandic State Financial Investments
Reykjastræti ehf.
Highlight-Mandate
- Represented the Bank of America in Íslandsbanki hf.’s EMTN Bond prospectus update.
- Continues to provide advice to Partners Group and atNorth Holding AB and its Icelandic subsidiaries, including atNorth ehf.
- Advised Landsbankinn hf. on providing financing for the construction and operation of a gold mine and processing plant in Greenland operated by the group of Amaroq Minerals Ltd.
LOGOS
The banking, finance, and capital markets team at LOGOS provides strong support to its wide-ranging corporate clients, both domestic and international, which include major banks and venture capital funds. Recently, the team has been advising on a large-scale government debt restructuring, public offering of shares in a major Icelandic bank, and the establishment of venture capital funds. Co-practice head Ottar Palsson leads on a number of the team’s most crucial matters and specialises in capital market transactions, restructurings, and litigation. Thórólfur Jónsson also co-leads, bringing additional skills in securities regulation. Fannar Freyr Ívarsson and Haraldur Andrew Aikman are two other key contacts in the team.
Praxisleiter:
Ottar Palsson; Thórólfur Jónsson
Weitere Kernanwälte:
Fannar Freyr Ívarsson; Haraldur Andrew Aikman
Referenzen
‘The ‚project management‘ legal approach is something LOGOS is really good at.’
Kernmandanten
Alfa Framtak ehf.
Amaroq Minerals Ltd.
Archer Norge AS
Arion Bank hf.
Blue Nova Ventures GP ehf.
Brim hf.
Crowberry Capital GP ehf.
Deutsche Bank
DTE ehf.
Eyrir Ventures ehf.
Far Eastern International Bank
Fossar Investment Bank hf.
Frumtak Ventures ehf.
Goldman Sachs International
Icelandair
Icelandic State Financial Investments
Islandsbanki hf.
Islensk verdbref hf.
Kaldvik AS
Kaupthing ehf.
Kerecis hf.
Kvika Bank hf.
Landsnet hf.
Landsvirkjun
Laxar eignarhaldsfelag ehf. and Laxar Fiskeldi ehf.
Lifa Ventures ehf.
Marel hf.
Ministry of Industry and Innovation
Morgan Stanley
New Business Venture Fund
Nordural Grundartangi ehf.
Novator Partners LLP
Origo hf.
Sidekick Health AB
Stodir hf.
Verne Global Data Centres
Vordur Insurance
Wells Fargo Bank, National Association
Highlight-Mandate
- Represented Icelandic Pension Funds in a large voluntary debt restructuring, with the size of debt restructured close to 15% of the country’s GDP.
- Acted as Icelandic legal counsel to Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG and Kvika Bank hf. as joint global coordinators and joint bookrunners with respect to a public offering of 45.2% of the ordinary shares of Islandsbanki hf. by the Ministry of Finance and Economic Affairs.
- Representing Arion Bank hf. in its ongoing merger negotiation with Kvika Bank hf.
ADVEL Attorneys at Law
Co-led by Stefan Þór Ingimarsson, the banking, finance, and capital markets team at ADVEL Attorneys at Law plays a key role in the market, advising major Icelandic banks on high-stakes projects, including EMTN programmes. Ingimarsson provides expertise in company and corporate law and brings a depth of cross-border experience, having worked on numerous international transactions. Dóra Sif Tynes also co-leads, using her extensive background in EU competition law to provide specialized advice; additionally, Bjarni Þór Bjarnason provides support on a number of matters, using his broad tax experience.
Praxisleiter:
Stefan Þór Ingimarsson
Weitere Kernanwälte:
Dóra Sif Tynes; Bjarni Þór Bjarnason
Referenzen
‘We highly value the personal service provided by the firm, which sets them apart from many competitors. Their approach ensures direct engagement and consistent attention from partners, with less reliance on associates. This results in a closer working relationship and a more tailored experience. The team also demonstrates a strong level of expertise in international law, providing us with clear, practical, and commercially minded advice across complex cross-border matters.’
‘We have greatly benefited from working with Stefan Þór Ingimarsson, who is a strong legal professional with a deep understanding of complex matters. He combines expertise with personal service and close attention, ensuring that our needs are consistently met. His ability to provide clear, practical, and all-around legal advice makes him a highly trusted advisor and an invaluable partner for our business.
‚Dóra Sif Tynes stands out for her strong knowledge of EU law and its applicability within the Icelandic context. She brings a unique perspective through her extensive experience working with the legal aspects of the financial markets. Her ability to navigate complex regulatory frameworks and provide clear, actionable guidance adds significant value, particularly in matters where international and local regulations intersect.‘
Kernmandanten
Arion Bank
Kvika Bank
Hampidjan
Klappir Green Solutions
VÍS (Iceland Insurance Company)
Oryggismidstodin
atNorth (Nordic Data Center Services)
Highlight-Mandate
- Providing advice to Arion Bank on its EMTN programme.
- Provided advice to Arion Bank on its Covered Bond programme.
Juris
With recognised strength in the field, the banking, finance, and capital markets team at Juris provides key advice to its clients, who include major Icelandic financial institutions and banks. Recently, the team has worked on multiple refinancing cases and a precedent-setting matter regarding credit agreements. Co-heads Halldór Jónsson and Sigurbjörn Magnússon bring long-standing knowledge, with Jónsson specialising in tax and experience practicing before the Supreme Court. Additional key members of the team include Ingvar Ásmundsson, who has experience in large-scale debt financing, and Vífill Harðarson, who advises on cross-border financing.
Praxisleiter:
Halldór Jónsson; Sigurbjörn Magnússon
Weitere Kernanwälte:
Ingvar Ásmundsson; Vífill Harðarson
Referenzen
‘The Juris team combines strong technical knowledge with a practical and solution-oriented approach, which makes their advice both reliable and commercially sound. They are highly responsive and proactive, ensuring that potential risks are identified early and that transactions move forward smoothly.‘
‚Compared to other firms, Juris stands out for the close partner involvement in matters and the high quality of their drafting and negotiation skills. The team is also collaborative and efficient, which clients appreciate when working under tight deadlines.’
‘Vífill Harðarson is a highly skilled lawyer with deep expertise in banking and finance. He combines technical precision with a pragmatic approach, ensuring that advice is not only legally sound but also commercially relevant. His responsiveness, clear communication, and ability to handle complex financing structures make him stand out from competitors. Clients value the confidence he inspires and his commitment to delivering practical solutions under pressure.’
Kernmandanten
Ísfélag hf.
Landsbankinn hf.
HS Orka hf.
Samtök fjármálafyrirtækja (Finance Iceland)
Dagar hf.
Innviðir fjárfestingar II slhf.
Summa Rekstrarfélag hf.
Íslandsbanki hf.
Heimar hf.
Eksportfinansiering Norge
Highlight-Mandate
- Advised Ísfélag hf. on its $228m refinancing from a syndicate of international and Icelandic banks.
- Advised Samtök fjármálafyrirtækja (Finance Iceland) on the financing of the purchase of all residential housing in the town of Grindavík.
- Representing Landsbankinn hf. in cases regarding the legality of variable interest rates in consumer mortgages.
Lagahvoll
The team at Lagahvoll, led by Daði Bjarnason and Jóhann Tómas Sigurðsson, regularly handles banking, finance, and capital markets work. Bjarnason brings particular skill in restructuring and private equity transactions, while Sigurðsson provides further strength in corporate law. Recent key work includes advising on share capital increases and related employee stock option schemes, as well as advising on the issuance of bonds.
Praxisleiter:
Daði Bjarnason; Jóhann Tómas Sigurðsson
Referenzen
‘ The firm provides a strong quality of service.’
‘Efficient and business-minded.’
‘In-depth knowledge and practical approach.’
Kernmandanten
Datalab ehf.
Dohop ehf.
Félagsbústaðir hf. (Reykjavík Social Housing).
Carbon Iceland ehf.
Félag eldri borgara í Reykjavík og nágrenni
Element ehf
Solid Clouds
Pikkoló ehf.
Reon Ventures ehf.
Ísorka ehf.
Landslog – Law Offices
Led by a trio of practice heads, the banking, finance, and capital markets team at Landslog – Law Offices regularly advises on high-value loans and debt restructurings. Co-head Viðar Lúðvíksson recently advised on the long-term financing of a data centre. Jóhannes Bjarni Björnsson and Jóhannes Karl Sveinsson, both co-heads, are also active in the team, with Björnsson providing general support and Sveinsson advising Icelandic government entities on the restructuring of debt and issuing new financial instruments. Another key member of note is Grímur Sigurðsson.
Praxisleiter:
Jóhannes Karl Sveinsson; Jóhannes Bjarni Björnsson; Viðar Lúðvíksson
Weitere Kernanwälte:
Grímur Sigurðsson
Referenzen
‘The Landslog team is very capable in all aspects of banking, finance and capital markets services. What I feel differentiates Landslog from other practices is the very „human“ interactions, which can be the difference maker in tough scenarios.’
‘Viðar Lúðvíksson is a great lawyer, always a pleasure to work with him and his team.’
Kernmandanten
Arion Bank
Isavia
Hagar hf.
Syn hf./ Vodafone Iceland
Central Bank of Iceland
Islandsbanki
Arctic Fish
The Icelandic Housing and Construction Fund
Alma
Highlight-Mandate
- Advised Arion bank hf. and Infranity in relation to long-term financing to Borealis Data Center.
- Advised the Nordic Investment Bank in relation to a $32.2mn loan to Heimar and $29mn to Ljosleidarinn ehf.