Best Acquisition / Leveraged Finance Lawyers in Reykjavik

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Jonatansson & Co. Legal Services

Jonatansson & Co. Legal Services

30 minutes Free Consultation
Reykjavik, Iceland

Founded in 1984
6 people in their team
English
Icelandic
Danish
Jonatansson & Co Legal Services is a full service Law Firm with emphasize on assisting businesses and various organisational entities in litigation and dispute resolution of various kind, in almost every field of the law.Jonatansson & Co is a dynamic independent law firm willing and...
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LLG Lögmenn
Reykjavik, Iceland

Founded in 2013
50 people in their team
Icelandic
English
Andri Vilhjálmur Sigurðsson joined LLG Lögmenn (formerly Lögmenn Lækjargatu) in 2013 and has been one of the company's owners since then. Before that, Andri had worked as a lawyer at Kaupþing bank hf. from 2000-2007 and in Luxembourg from 2007. First for Kaupthing Bank Luxembourg SA in...
OPUS Legal Service
Reykjavik, Iceland

Founded in 2006
50 people in their team
Icelandic
English
OPUS Legal Services take pride in providing clients with reliable, personal advice and professional legal counseling. We represent individuals as well as corporate and institutional clients from several different countries in addition to Iceland.OPUS Legal Services take pride in providing...
Nordik Legal Services
Reykjavik, Iceland

Founded in 2010
50 people in their team
Icelandic
English
ABOUT USSince its establishment in 2010, Nordik Legal has been leader in providing of services to both Icelandic and international business, particularly in among other the field of mergers and acquisitions,  corporate finance,  corporate law, and domestic and international tax law....
LAGASTOÐ
Reykjavik, Iceland

Founded in 1979
50 people in their team
Icelandic
English
We advise individuals, families, businesses, financial institutions, and government bodies on Icelandic and EEA-Law and represent our clients’ interests before public agencies and in the courts. We have vast experience advising on legal issues pertaining to finance, real estate, and tax, with a...
LAW FIRM VALDIMARSSON
Reykjavik, Iceland

Founded in 2020
50 people in their team
Icelandic
English
Quality and personal serviceAt Lögmannsstofon Valdimarsson, it is guaranteed that our clients always receive the best service available, from professionals in the area of ​​law that is needed. Our customers can trust that their case will receive the attention it requires.The serviceÓmar...
Landslög
Reykjavik, Iceland

Founded in 1971
50 people in their team
Icelandic
English
Landslag law firm has comprehensive knowledge and experience in all major areas of law. Landslagi's customers are thus offered specialized advice that has produced remarkable results.Companies, domestic and foreign, municipalities and public sector organizations have taken advantage of Landslagi's...
Reykjavik Law Firm
Reykjavik, Iceland

Founded in 2000
50 people in their team
Icelandic
English
Our services are based on the wealth of knowledge and experience that our attorneys have gathered over the years. Our team can provide specialized and professional services in a multitude of diverse sectors of the law.Our attorneys are experts in litigation and defend the interests of our clients...
Lagahvoll
Reykjavik, Iceland

Founded in 2012
50 people in their team
Icelandic
English
About LagahvollLagahvoll is an independent law firm with strong focus on impartiality and independence. We offer specialised legal services with an emphasis on commercial and financial law.We represent both large and small companies as well as individuals, including professional investors. Our...
Réttur
Reykjavik, Iceland

Founded in 2002
50 people in their team
Icelandic
English
The roots of the law can be traced back to 1969, when Ragnar Aðalsteinsson founded his law firm. The co-owners of Ragnar í Rétti are Sigurður Örn Hilmarsson, Sigrún Ingibjörg Gísladóttir, Védís Eva Guðmundsdóttir and Kári Hólmar Ragnarsson. Ever since the institution was founded,...
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About Acquisition / Leveraged Finance Law in Reykjavik, Iceland

Acquisition and leveraged finance law in Reykjavik, Iceland, involves the legal and regulatory framework that governs how companies and investors use debt to fund the purchase of businesses or assets. This area of law covers both domestic and cross-border transactions and involves structuring loans, negotiating terms, and ensuring compliance with Icelandic legislation. Reykjavik, as the commercial center of Iceland, is where most major acquisition and leveraged finance deals are structured and executed. Legal professionals in this field assist with the preparation of loan documentation, security agreements, and regulatory filings to ensure that financings are legally robust and enforceable.

Why You May Need a Lawyer

There are several situations when legal advice is essential in the field of acquisition and leveraged finance in Reykjavik:

  • You are looking to acquire a business and plan to use debt as part of the purchase price.
  • You are lending or arranging financing and want to secure your interests against the target assets or shares.
  • You are participating in a cross-border acquisition that involves Icelandic parties or assets.
  • You require assistance negotiating or drafting loan agreements and security documents.
  • You need to understand or navigate Icelandic banking regulations and disclosure requirements.
  • You want to ensure proper due diligence is conducted on target companies for legal, financial, and regulatory compliance.
  • You have concerns about enforceability of your finance agreements under Icelandic law.

Lawyers help anticipate risks, ensure compliance, protect clients from unfavorable terms, and facilitate smooth transactions.

Local Laws Overview

Acquisition and leveraged finance transactions in Reykjavik, Iceland are primarily governed by the Icelandic Act on Financial Collateral Arrangements, the Act on Securities Transactions, contract law, and certain provisions from company and insolvency law. The Central Bank of Iceland regulates banking activity, and the Financial Supervisory Authority (Fjármálaeftirlitið) oversees market conduct.

Key aspects include:

  • Security interests: Icelandic law allows for various forms of security, including pledges over shares, assets, and receivables. Registration and proper documentation are crucial for enforceability.
  • Lender protections: Lenders typically require strong covenants, representations, and warranties to protect their investments and ensure early detection of any risks or breaches.
  • Insolvency considerations: In the event of borrower insolvency, Icelandic insolvency laws dictate the order of creditor claims and the enforceability of security rights. Proper structuring is necessary to ensure creditor rights are preserved.
  • Regulatory approvals: Certain transactions, especially those involving regulated sectors or large cross-border investments, may require approval from Icelandic authorities.
  • Foreign investment controls: Iceland has regulations on foreign direct investment that may affect acquisition financing for non-Icelandic parties.

Frequently Asked Questions

What is leveraged finance and how is it used in acquisitions?

Leveraged finance is debt funding provided to acquire a business, often using the target company's assets as collateral. In acquisitions, it allows buyers to maximize returns while minimizing initial capital outlay.

Are there restrictions on foreign lenders in Icelandic acquisition finance?

Foreign lenders can participate in Icelandic transactions, but may face certain regulatory requirements and currency controls. Legal advice is needed to address these issues and ensure compliance.

What kind of security can lenders take in Iceland?

Lenders commonly take security over shares, real estate, receivables, inventory, and bank accounts. Legal perfection, often through registration, is essential to establish priority.

How are acquisition finance transactions typically structured in Reykjavik?

Most transactions use a combination of senior and mezzanine loans, sometimes with equity co-investment, and are documented through loan agreements, intercreditor agreements, and security documents.

Does Iceland have mandatory notification or approval for mergers and acquisitions?

Certain transactions may require notification to Icelandic competition authorities, particularly if market thresholds are met. Regulated sectors may require additional approvals.

What are typical legal fees for acquisition finance work in Reykjavik?

Fees vary based on transaction complexity, but legal advisors often charge a combination of hourly rates and fixed fees for specific phases such as due diligence, negotiation, and documentation.

What happens if a borrower defaults on acquisition finance in Iceland?

Lenders can enforce their security rights through summary proceedings, but insolvency or restructuring laws may impact enforcement, so proper legal structuring is important from the outset.

Can offshore entities be used in Icelandic acquisition structures?

Yes, but careful attention must be paid to tax, regulatory, and foreign exchange implications. Icelandic anti-money laundering rules also apply.

Are there currency controls that affect acquisition finance in Iceland?

While many capital controls have been lifted, some restrictions may still apply depending on the specifics of the transaction, especially involving large cross-border flows.

How long does a typical acquisition finance deal take to complete?

The process can range from several weeks to several months, depending on regulatory approvals, complexity of due diligence, and negotiation of documentation.

Additional Resources

If you are seeking more information or assistance, the following resources may be helpful:

  • Central Bank of Iceland: Provides regulatory guidelines on currency and banking operations.
  • Financial Supervisory Authority (Fjármálaeftirlitið): Oversees financial market conduct and licensing.
  • Icelandic Competition Authority: Handles merger control and competition matters.
  • Chamber of Commerce in Iceland: Offers business guidance and networking resources.
  • Icelandic Bar Association: Provides a directory of licensed lawyers specializing in finance and commercial law.

Next Steps

If you are considering an acquisition or leveraged finance transaction in Reykjavik, start by outlining your objectives and gathering all relevant information regarding the target and proposed financing. The next step is to consult a qualified Icelandic lawyer with experience in finance and M&A to assess your options, conduct due diligence, and advise on the legal risks and structuring strategies. Early legal involvement helps identify regulatory hurdles, secure lender protections, and ensure the deal closes smoothly. Prepare a list of questions and documents before your initial meeting to maximize the effectiveness of your consultation.

Lawzana helps you find the best lawyers and law firms in Reykjavik through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Acquisition / Leveraged Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Reykjavik, Iceland - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.