Tómas Magnús Þórhallsson

Senior associate

Practice area
  • Commercial and Company     law
  • Litigation
  • Administrative law
  • Mergers and Acquisitions

  • District Court Attorney, 2012
  • University of Reykjavík, Mag. jur., 2011

Icelandic English
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

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.

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.

Sale of Icelandair Hotels

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

Acquisition of Isal from Rio Tinto

BBA//Fjeldco was a legal adviser to Norsk Hydro in relation to the acquisition of Isal from Rio Tinto

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.

Aquisition of Lyfja

BBA//Fjeldco advised Stefnir hf., Iceland’s largest fundmanagement company on all aspects in relation to one of its fund’s acquisition of Iceland's leading pharmacy retail company Lyfja.


BBA//Fjeldco advised RPC Group PLC in relation to its EUR 386 million acquisition of Promens.

Sanpower group (China)

BBA//Fjeldco was a legal adviser to the China-based Sanpower group on certain Icelandic legal issues relating to the acquisition of the Highland group (House of Fraser).

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.

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