Restructuring/Insolvency
Europe Guide 2024 : Norway
Band 2
About
Provided by Advokatfirmaet Schjødt
Our restructuring & insolvency team is a specialized unit focusing on the restructuring of companies, transactions before and after bankruptcy, debt settlement negotiations, creditor recovery, advisory services relating to directors' liability and risk management related to situations where a party is in financial distress. When intermediate liquidity financing is required, we assist in structuring collateral security.
We regularly represent players in the financial sector, such as leading banks and financial institutions, investment firms and investment funds. With extensive experience in oil and gas operations, construction, capital and securities market, trade, industry, real estate, shipping, seismic industry, aquaculture and fisheries, assistance from Schjødt will ensure the necessary expertise in crisis management of insolvency situations.
What we do:
- Assisting companies, mortgagees, bondholders, suppliers, customers or other creditors in distressed situations
- Restructuring of companies and corporations based on legal, operational and financial evaluations
- Conducting transactions with companies before or after bankruptcy and/or debt negotiations
- Transactions, claims and balances in regard to bankruptcy estates, including claims for retention of title at the expense of the bankruptcy estate's seizure of assets
- Enforcing mortgages, pursuing provisional security and arrest
- Arrest of vessels and handling forced sales and transactions within the shipping sector
Chambers Review
Schjødt has a strong restructuring team with particular experience within the oil and gas, aviation and natural resources sectors, along with activity in the retail sector. The law firm advises both lenders and borrowers on complex financial restructuring mandates, and is especially known for its bond restructuring work and experience advising bondholders. The practice has particular strength acting for banks, institutional investors and global hedge funds, as well as receiving appointments by the court as administrator.
Work Highlights
- Schjødt acted for DOF as administrator on its reconstruction proceedings and bankruptcy estate.
Strengths
Provided by Chambers
"The Schjødt team has the ability to combine expertise in different areas into a single and implementable strategy. The team is top notch and strategic, and its lawyers work around the clock to provide the best service."
"The team at Schjødt are very knowledgeable and hands-on. They offer to help us in all areas necessary and are very quick in responding to our questions and needs."
"We are very happy with Schjødt's support. The lawyers are very efficient, skilled, friendly and flexible to work with."
"The Schjødt team has the ability to combine expertise in different areas into a single and implementable strategy. The team is top notch and strategic, and its lawyers work around the clock to provide the best service."
"The team at Schjødt are very knowledgeable and hands-on. They offer to help us in all areas necessary and are very quick in responding to our questions and needs."
"We are very happy with Schjødt's support. The lawyers are very efficient, skilled, friendly and flexible to work with."
Notable Practitioners
Siv Sandvik is active in significant domestic restructuring mandates and has additional expertise in bankruptcy cases. She is often appointed as an administrator by the courts.
"Siv is a skilful, flexible, responsive and pragmatic lawyer. She is nice, polite and composed."
Egil Horstad is recognised for handling contentious matters. He acts as bankruptcy trustee and advises on a broad range of restructuring mandates.
"Egil is an extremely skilled lawyer."
Peter Bugge Hjorth advises both lenders and borrowers on debt restructuring matters and recovery proceedings.
"Peter is very good at advising on complex situations. He has helped us a lot."
Johan Henrik Nossum advises on liability issues, as well as debt recovery matters and distressed acquisitions.
Ranked Lawyers at
Advokatfirmaet Schjødt
Norway
Members
Provided by Advokatfirmaet Schjødt
Amalie Osnes Opdal
Diego Bergheim
Head of Department
Mathias Anker Paulsen
Head of Department
Clients
Provided by Advokatfirmaet Schjødt
Altera Infrastructure Holdings L.L.C
Archer Ltd
Bakkegruppen AS
DNB Bank ASA
Mime Petroleum
Nordea Bank Abp
Nordic Trustee AS
Prosafe SE
SAS AB
SAS Norge AS