Restructuring/Insolvency
Europe Guide 2024 : Norway
Band 1
About
Provided by Kvale Advokatfirma DA
Kvale has one of the largest and most recognized restructuring and insolvency departments in Norway.
Kvale regularly advises banks in distressed cases, assessing the banks' position, negotiating with other stakeholders, handling (enforcement of) security interests and drafting i.a. restructuring, refinancing and guarantee documentation.
Kvale also advise the board of directors and administration of companies in distress to navigate the various stakeholders in times of economic crisis, and in identifying measures and instruments in court or out of court to restructure and/or refinance the business.
Kvale is often appointed as trustee/administrator in complex national or cross-border insolvency proceedings, and are continuously handling a substantial number of bankrutpcies/liquidations, of which several are among the largest bankruptcy/liquidation proceedings in Norway every year.
Kvale leads private and public investigations. Through the role as appointed trustee in insolvency proceedings, Kvale regularly handles investigations of economic transactions, acts or omissions by board members, management and/or auditors and other related matters.
Chambers Review
Kvale has a highly accomplished bankruptcy and insolvency group with an impressive reputation for acting as bankruptcy trustee over distressed entities, debt settlement and recovery. The law firm is experienced in contentious matters including cross-border proceedings. The team regularly acts for an array of impressive clients, including major financial institutions, as well as energy suppliers and retail clients.
Work Highlights
- Kvale acted as trustee for the bankruptcy estate of Flyr.
Strengths
Provided by Chambers
"The team at Kvale are always available and service-minded, and structure their communications well."
"Kvale can put together strong teams to handle various work streams. The lawyers are very hands-on and take the lead in the process."
"In all cases where we have been connected, Kvale has given us its best team. Its lawyers always find solutions that fit the clients."
"The team at Kvale are always available and service-minded, and structure their communications well."
"Kvale can put together strong teams to handle various work streams. The lawyers are very hands-on and take the lead in the process."
"In all cases where we have been connected, Kvale has given us its best team. Its lawyers always find solutions that fit the clients."
Notable Practitioners
Tom Hugo Ottesen is a leading lawyer in the market who is regularly appointed as trustee in complex bankruptcies. He provides substantial expertise in sectors such as retail and manufacturing.
"Tom is an experienced lawyer who is good at finding consensuses with different stakeholders."
"Tom is a fantastic person in all ways. He is generous and nice, and is a very good lawyer who has contacts everywhere."
Stine Snertingdalen is a top-ranked lawyer who acts as bankruptcy trustee on offshore industry mandates, as well as acting for syndicated lenders on financial restructurings.
"Stine is a very efficient lawyer who is able to find solutions in complex situations."
"Stine Snertingdalen is pragmatic, solution-oriented and easy to work with."
"Stine Snertingdalen is a brilliant lawyer."
"Stine is a creative and hands-on lawyer. We are very happy with her."
Thomas Piro handles a range of bankruptcy cases, including those involving international elements. He advises on the sale of distressed assets, debt recovery processes and pre-insolvency investigations.
Ranked Lawyers at
Kvale Advokatfirma DA
Norway
Members
Provided by Kvale Advokatfirma DA