Bjarki H. Diego

Practice area
  • Commercial and Company Law
  • Securities law
  • Banking and Finance
  • Competition Law
  • European Law
  • Mergers and Acquisitions
  • Restructuring and Insolvency Law


LANGUAGES
Icelandic English Danish
Education
  • University College London, LL.M. 1999 International Business Law
  • University of Iceland, Cand.Jur. 1993


Recent cases
BBA//Fjeldco advised Reykjavík DC on a green power purchase agreement

On 18 December 2019 Landsvirkjun (theNational Power Company) and Reykjavík DC hf., a new high-tech data centre inReykjavik, entered into a power purchase agreement pursuant to which Landsvirkjun shall provide electricity to the data centre up to 12 MW. Theagreement is no. 10 which Landsvirkjun has entered into with a customer whichis defined as a power-intensive user and the agreement is certified as agreen power purchase agreement. That means that Reykajvík DC hf. isprovided with guarantees of origin which confirm that the purchased electricityderives from renewable energy sources.

Lawyers Bjarki Diego and Tómas MagnúsÞórhallsson assisted and provided Reykjavík DC hf. with legal advice during thenegotiations with Landsvirkjun

The Asian Development Bank

BBA//Fjeldco acted as a legal advisor to the Asian Development Banks in relation to a USD 250,000,000 loan facility to the Arctic Green Energy corporation and Sinopec Green Energy Geothermal Company Limited, provided in order to expand environmentally sustainable district heating services in the People's Republic of China.

Kvika banki hf.

BBA//Fjeldco acted as a legal advisor to Kvika banki hf. in relation to ISK 2,406,000,000 acquisition of all shares issued by Gamma Capital Management hf., an asset management company in Iceland.

Alvotech hf. and Icelandic biopharmaceutical

BBA//Fjeldco acted as legal advisor to Alvotech hf., an Icelandic biopharmaceutical company focused on the development and manufacturing of high quality biosimilars for global markets, during the restructuring of Alvotechhf. BBA also advised on the issuance of USD 300,000,000 convertible bond, issued by Alvotech Holding A.S., whereas Alvotech hf., Glycothera GMBH, AlvotechGermany GMBH and Alvotech Swiss AG acted as guarantors.

Nox Holding

BBA//Fjeldco acted as legal adviser to Nox Holding ehf., in relation to acquisition of all shares, issued by Nox Medical ehf., the subsequent restructuring of the Nox Group, and investment by the private equity fund Alfa Framtak, establishing a world leader in sleep diagnostic technology and sleep health solutions.

Barclays Bank PLC, CitiGroup Global Markets Limited etc.

BBA//Fjeldco advised to Barclays Bank PLC, CitiGroup Global Markets Limited, Íslandsbanki hf. and Skandinaviska Enskilda Banken AB, in relation to a multi-currency revolving credit facility to Landsvirkjun, Iceland's main electricity utility, of a value of 200 million USD.

Tommi's Burger Joint

BBA//Fjeldco acted as legal advisor in refinancing and restructuring of TBJ's operations, which is a fast-growing franchise of the brand Tommi's Burger Joint, an established Icelandic franchisors, with outlets in Iceland, the UK,Denmark, Norway, Italy and Germany.

Alvotech hf.

BBA//Fjeldco was a legal adviser to Alvotech hf. in relation to an equipment financing with respect to a state-of-the-art 12,000 m2 manufacturing and laboratory facility in the Science Park of the University of Iceland of a value of USD 25,000,000.

Alvotech hf.

BBA acted as a legal advisor to Alvotech hf., and Icelandic biopharmaceutical company focused on the development and manufacturing of high quality biosimilars for global markets, during the restructuring of Alvotech hf. BBA also advised on the issuance of USD 300,000,000 by Alvotech Holding A.S. whereas Alvotech hf., Glycothera GMBH, Alvotech Germany GMBH and Alvotech Swiss AG acted as guarantors.


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.

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