Sara Rut Sigurjónsdóttir

Practice area
  • Commercial and Company Law
  • Bankruptcy Law
  • Banking and finance
  • Capital markets
  • Mergers and acquisitions
  • Data protection

  • Admitted in Iceland 2013
  • Reykjavík University, Mag.jur., 2012
  • CIPP/E Certification - Certified Information Privacy Professional
  • Certified Securities Broker, 2021

Icelandic English
Recent cases
BBA//Fjeldco acted as a legal advisor of Arion Bank and DNB Bank ASA in relation to a EUR 65 million financing of Arnarlax ehf.

BBA//Fjeldco provided Arion Bank and DNB Bank ASA  legal advice in relation to providing a EUR 65 million term and revolving credit facilities to Arnarlax ehf. Arnarlax ehf. is one of the leading Icelandic fish farming company and owned by Icelandic Salmon AS listed on the Oslo stock exchange.

Trading has now commenced with shares of Íslandsbanki hf. following a successful IPO

BBA//Fjeldco advised Icelandic State Financial Investments (ISFI) and Íslandsbanki hf. relation to the IPO, which is the largest IPO in history of Iceland and the largest European bank IPO since 2018.

Prior to the IPO Íslandsbanki was wholly owned by ISFI, on behalf of the Treasury of Iceland. ISFI will hold 65% of the share capital of Íslandsbanki hf. following the offering, assuming full exercise of the overallotment option.

The team was led by partner Einar Baldvin Árnason, partner Bjarney Anna Bjarnadóttir, senior associate Sara Rut Sigurjónsdóttir, associate Sigvaldi Fannar Jónsson and partner Kári Ólafsson.

Merger between TM hf., Lykill fjármögnun hf. and Kvika banki hf

 BBA//Fjeldco acted as the legal advisors for the merging entites, i.e. TM hf., Kvika banki hf. and Lykill fjármögnun hf. throughout the merger process, which covered all aspects of the deal, including but not limited to drafting of transaction documents, due diligence, competition matters, tax matters, regulatory issues in relation to the Financial Supervisory Authority and NASDAQ OMX Iceland. This is by far the largest and most high profile merger in Iceland in recent years,involving three different types of financial undertakings, an insurance company (TM hf.), a commercial bank (Kvika banki hf.) and a leasing company (Lykill fjármögnun hf.).

Sale of Icelandair Hotels

BBA//Fjeldco advised Icelandair hf. in relation to the sale of Icelandair Hotels and related estates to Berjaya Corporation

Innergex Renewable Energy

BBA//Fjeldco acted as a legal advisor to Innergex Renewable Energy in the acquisition of Alterra Power Corp., that holds a majority stake in the Icelandic energy producer HS Orka hf. The transaction amounted to the value of USD 1.1 Billion.

66 North

BBA//Fjeldcoacted as legal adviser for Sjóklæðargerðin hf., owner of the Icelandic outwearbrand 66° North, in relation to a USD 30,000,000 investment by Mousse Partners,run by the Chanel family.

Vínlandsleið ehf.

BBA//Fjeldco acted as a legal advisor to the shareholders ofVínlandsleið ehf. in relation to acquisition by Reitir hf., Iceland's largestprovider of commercial property for rent, of all shares issues by Vínlandsleiðehf. The transaction was one of the largest M&A transactions in Iceland inthe year 2018 involving a commercial real estate property

Glitnir hf.

BBA//Fjeldco was a legal adviser to Glitnir hf. (formerly Glitnir bank hf.) in relation to the successful composition of Glitnir hf. The firm advised the Winding-up Board on all Icelandic law aspects of the winding-up proceedings of a value of EUR 16 billion.

Microsoft Denmark

BBA//Fjeldco was a general legal adviser in Iceland to Microsoft Denmark.

Þingvangur ehf.

BBA//Fjeldco was a legal adviser to Þingvangur ehf., an Icelandic real estate development company on various projects around Iceland.

Our People