Firm / Organisation


Current View:
Also ranked in:

This content is provided by BBA.

Chairman: Baldvin Björn Haraldsson
Managing Director: Elísabet Ingunn Einarsdóttir
Number of partners: 6
Number of lawyers: 14
Languages: Danish, English, French, German, Icelandic

Firm Overview:
Over the last 18 years BBA has advised on complex mergers, acquisitions, project financing, acquisition financing, PPP/PFI projects, energy projects and general corporate deals, the majority of which have had an international aspect. BBA has always placed emphasis on having a team of lawyers who are educated and experienced abroad, as well as having diverse backgrounds, which aids in providing the firm’s clients with a multi-angle approach to solving legal problems. BBA lawyers have work experience stemming from local and foreign banks, listed companies and tax authorities, as well as education and practical experience from countries such as England, Denmark, United States, France, Germany, and Luxemburg. BBA’s lawyers are admitted before the courts of Iceland, Paris and New York.

Main Areas of Practice:

Mergers & Acquisitions:

Mergers and acquisitions have always played a very large role in the firm’s practice. The firm has advised on the vast majority of the largest and most complex M&A deals in Iceland over the years, acting both for buyers, sellers and financing parties. BBA is a key player in M&A in Iceland and is confirmed as a leading firm in that field by all the major ranking firms.

Banking & Finance:
BBA has vast experience in advising financial institutions on all aspects of banking and finance. The firm has an excellent track-record with complex financing structures and as a result the firm is regularly entrusted by major international and local banks to handle their more complex, multi-jurisdictional financing deals. The firm’s performance in banking and finance has secured BBA a top-tier ranking in this field with all major ranking firms.

Capital Markets:
Capital markets in Iceland have undergone radical changes since the 2008 banking crisis, after which the vast majority of listed companies in Iceland have restructured their operations. The Icelandic Stock Exchange is a part of the Nasdaq OMX Nordic Stock Exchange. BBA has advised on a large portion of the listings of Icelandic companies on the Nasdaq OMX Iceland since 2008. It is expected that activities in capital markets will increase in the coming months and years. BBA has strong capabilities in capital markets advisory and the firm provides the necessary know-how and experience to manage listings, de-listings and take-overs.

Corporate & Commercial Law:
BBA has constantly been ranked as a leading firm in Iceland in corporate and commercial law. BBA regularly advises many of the largest companies in Iceland on various corporate matters. The firm’s key focus remains on the international aspects of their clients’ operations.

In recent years BBA has been active in the field of energy law. The firm has advised Icelandic firms in geothermal ventures in countries around the world, including the Philippines, Indonesia, Abu Dhabi, Nepal, and Ethiopia. Furthermore, BBA has advised Icelandic energy companies in Iceland in securing terrain for geothermal research as well as advising on power purchase agreements and project agreements. The team has also advised foreign governments, corporations and energy authorities in matters concerning licenses for feasibility studies and exploration drilling for oil north of Iceland. More recently, BBA has been active in providing advice to local energy companies harnessing geothermal and hydro reservoirs, as well as advising on the potential implications of constructing and operating a sub-marine interconnector between Iceland and the UK.

BBA has been heavily involved with Icelandic authorities on PFI/PPP matters. The firm has advised the Icelandic government and the City of Reykjavik since 2005 in matters concerning the design, construction and operations of Harpa, the concert and conference Hall on the Reykjavik harbour. The firm has furthermore been active in matters concerning public procurement, advising among others the Icelandic State Trading Centre, as well as the Icelandic Government and the City of Reykjavik concerning a public procurement of terrain etc.

BBA has acted for various Icelandic and foreign companies in their communications and disputes with the Icelandic Competition Authority. Furthermore, an important factor of the firm’s advice in many of its M&A deals, are competition law related issues, which they have successfully dealt with.

Corporate Restructuring:
BBA’s activities in corporate restructuring have substantially increased in the aftermath of the banking crisis of 2008. The team advised Glitnir on the former bank’s composition process. Some of the firm’s most high-profile corporate restructuring projects include the restructuring of Icelandair, Hagar, Icelandic Group, Exista, Bakkavor and Reitir. BBA’s clients in the field of corporate restructuring have included Eurohypo AG, Bayerische Landesbank, Commerzbank, Nordea, DNB, KBC Bank, Barclays, HSBC, JPMorgan, Credit Suisse and the largest Icelandic banks.

Litigation & Arbitration:
BBA has focused increasingly on litigation and arbitration. The firm’s clients value their expertise and experience in the fields of corporate law and finance law when choosing BBA to represent them in court. BBA acted as legal adviser to the UK Financial Services Compensation Scheme and 16 Dutch municipalities, in securing the recovery of their Icesave claims, the largest claim ever to be made in Icelandic courts.