Banking, finance and capital markets in Iceland

BBA//Fjeldco

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 RagnarssonSara Rut Sigurjónsdóttir, Stefán Reykjalín, and Sigvaldi Fannar Jónsson.

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.