Aperçu

Our Nordics practice provides Nordic financial institutions and companies with advice on capital markets transactions, including private placements, debt offerings, continuous offerings, covered bonds offerings, as well as advice on banking, finance, derivatives and other regulatory matters. Given our corporate and transactional capabilities across the United States, Europe and Asia, we are able to work closely with colleagues across practices and offices to bring to bear our experience on a broad range of matters.

Expérience

Íslandsbanki hf. We have represented Íslandsbanki in connection with establishing and updating their Global Medium Term Note and 144A Medium Term Note programs.
Resolution Committee of Glitnir Bank hf. We advised the Resolution Committee of Glitnir Bank hf. in connection with the issuance of compensation instruments coupling equity, debt and contingent debt in an amount aggregating approximately $500 million.
Resolution Committee of Landsbanki Islands hf. We advised the Resolution Committee of Landsbanki Islands hf in connection with the issuance of compensation instruments coupling equity, debt and contingent debt in an amount aggregating approximately $3 billion.

The Resolution Committee and Winding-up Board of Landsbanki Islands hf. We advised the Resolution Committee and Winding-up Board of Landsbanki Islands hf in relation to a number of matters arising from derivative contracts and other financial contracts entered into by Landsbanki.
LBI ehf. We advised LBI ehf., an Icelandic private limited company that is the resolution entity for Landsbanki, the Icelandic bank, as special U.S. counsel in connection with the March 2016 exchange offer under Section 3(a)(10) of the Securities Act of 1933 of the remaining composition claims of LBI ehf.'s unsecured non-priority creditors for a combination of a de minimis amount of cash and equity securities and €2 billion aggregate principal amount of Convertible Bonds due 30 November 2035 of LBI ehf. The exchange offer was part of the composition of LBI ehf. under Icelandic bankruptcy law, which was also the subject of a Chapter 15 bankruptcy proceeding. The exchange offer was the first time that Section 3(a)(10) was successfully applied in the context of a Chapter 15 bankruptcy proceeding. In addition, the exchange offer was the first Section 3(a)(10) exchange offer conducted by a Scandinavian/ Nordic entity and the indenture for the convertible bonds was the first indenture for a Section 3(a)(10) exchange offer qualified under the Trust Indenture Act of 1939 to be governed by the laws of two different jurisdictions (US and UK).
Winding Up Board of Landsbanki Islands hf . We acted for the Winding Up Board of Landsbanki Islands hf in connection with the sale by it and Glitnir hf of a 77% stake in Iceland Foods, with an agreed value of the company at £1.55 billion.