Þórir Júlíusson

Practice area
  • Litigation
  • Corporate law
  • Corporate investments
  • Restructuring of companies
  • Bankruptcy law
  • Contract law
  • Securities law
Education
  • Supreme Court Attorney, 2018
  • Appeal Court Attorney, 2018
  • District Court Attorney, 2008
  • University of Iceland, Mag. Jur., 2007
  • The Commercial College of Iceland, 2002
LANGUAGES
Icelandic English
Recent cases
BBA//Fjeldco advises Securitas in tendering process with Veitur

In February 2021 Veitur Utilities, the largest utility company in Iceland, accepted Securitas‘s bid for the installation of 160,000 smart meters for Veitur’s customers.

By switching to smart meters Veitur will have access to more information and have better oversight over the utility mains and allows it to charge its customers monthly based on actual energy consumption rather then on estimates. The contract value is c.a. ISK 1,800 million.

BBA//Fjeldco’s attorneys Þórir Júlíusson and Friðbert Þór Ólafsson assisted Securitas in the tendering process and provided legal advice in relation to the documentation of the agreement. 

BBA//Fjeldco assists Noona in relation to Salt Pay’s investment in Noona

The start-up company Noona recently secured a 1,2 million EUR or ISK 190 million funding from Salt Pay. With the investment Salt Pay acquired a 20% stake in the company. Noona, which provides an online marketplace for service providers and a booking system, will use the funding to expand its services outside of Iceland.

BBA//Fjeldco’s attorneys Þórir Júlíusson, Stefán Björn Stefánsson and Friðbert Þór Ólafsson provided Noona with legal advice in relation to Salt Pay’s investment in Noona. 

BBA//Fjeldco acted for CIT BANK in relation to USD 65 million refinancing of Icelandair

In December 2019 CIT Bank served as sole lender and facility agent on a $30 and  $35 million secured financing for Icelandair Group, the nationalcarrier of Iceland. The financing is part of a refinancing due to theredemption of bonds, issued by Icelandair, earlier this year.

ACTING FOR LBI EHF. IN THREE SEPARATE TORT PROCEEDINGS

BBA//Fjeldco is acting for LBI ehf. in three separate tort proceedings and where the combined value exceeds ISK 50 billion.

Refinancing of Arctic Green

BBA//Fjeldco acted as the lead counsel of Arctic Green Energy in the debt and equity refinancing of the company and subsidiaries.

Private placement of Arion bank hf.

We served as the Icelandic advisor to each of the buyers in relation to the private placement of shares in Arion Bank, owned via Kaupthing’s wholly-owned subsidiary, Kaupskil ehf.

Bond issuance of Wow air hf.

BBA//Fjeldco acted as lead Icelandic counsel for the Norwegian company Pareto Securities in Wow air hf.’s USD 60 million bond issue in September 2018.

KORTA

BBA // Fjeldco acted as the legal advisor to the investorswhich acquired KORTA, one of the leading payment service providers in Iceland.

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