Restructuring/Insolvency
Europe Guide 2024 : Norway
Band 1
About
Provided by BAHR
BAHR represents financial institutions, investment banks, bondholders, trustees and other clients who need top quality advice in challenging circumstances. We offer extensive experience of insolvency processes in Norway, the US, the UK, Singapore and elsewhere. Whatever the situation, we aim to achieve the best possible settlement for our clients, ideally without resort to formal proceedings. However we also work closely with our dispute resolution group when cases turn contentious.
Known as a ‘go to’ firm for major lenders in the largest international transactions, we are a core counsel for some of the most active banks in Norway. We are also notable as Norway’s number one bondholder firm through our work for the Nordic Trustee ASA, as well as a number of investment banks. Consequently we have a key role in every major bond default that takes place in Norway.
With Norwegian legislation being far from ideal when it comes to negotiating complex debt settlements, achieving a successful agreement demands broad knowledge of alternative procedures. BAHR’s practical, creative, highly skilled lawyers have that knowledge.
Chambers Review
BAHR has an impressive practice reputed for its capabilities in restructuring matters. The law firm handles issues relating to corporate reorganisation, financial restructuring and recoveries. The team is particularly well known for representing bondholders, banks and distressed companies. The practice advises on contentious cases, including cross-border enforcement proceedings.
Work Highlights
- BAHR advised PGS on its financial restructuring and the refinancing of its financial commitments.
Strengths
Provided by Chambers
"BAHR's service levels and responsiveness are superb."
"Besides being calm and attentive to legal questions and potential challenges, the lawyers at BAHR are also very active in guiding me on commercial strategy and financial products, which is a good combination."
"BAHR has a very commercial, tightly knit team that is truly hands-on. Its lawyers are very good at managing the complex processes involved in restructurings."
"BAHR are super good at restructurings. It's always a pleasure working with them."
"BAHR's service levels and responsiveness are superb."
"Besides being calm and attentive to legal questions and potential challenges, the lawyers at BAHR are also very active in guiding me on commercial strategy and financial products, which is a good combination."
"BAHR has a very commercial, tightly knit team that is truly hands-on. Its lawyers are very good at managing the complex processes involved in restructurings."
"BAHR are super good at restructurings. It's always a pleasure working with them."
Notable Practitioners
Richard Sjøqvist heads the department and is a market-leading practitioner who regularly advises bondholders and distressed companies on a broad range of restructuring mandates.
"What I like about Richard is that he is a practical guy who knows the law and asks how we can be creative and make things happen."
"He is a deal-maker who understands commercial aspects as well as legal aspects, and he can use the law to make his clients' objectives happen."
Magnus Tønseth advises lending syndicates and bondholders on restructuring matters involving the offshore and energy sectors.
"Magnus Tønseth offers a first-class delivery."
"Magnus makes things happen. He always promptly answers me and provides me with feedback and suggestions."
"Magnus is very likeable; he's a good guy to work with."